Banned from US Banks, the Gazprom Turns To Even Bigger Banks In China

Putin: ”The U.S. and European Union are shooting their own companies in the foot.” Russian state owned oil company Gazprom is turning to China for foreign sources of capital now that the U.S. and European financial markets are closed to them. Gazprom said in a press release posted on its website today that it was in talks with the behemoth Industrial and Commercial Bank of China for funding. The statement did not say whether funding would be provided, however. This has been quite the week for China-Russia relations. Li Keqiang was in Russia earlier this week to discuss deeper economic integration. Energyremains front and center. But integration is occurring beyond oil and gas deals. For instance, the Bank of Russia announced a deal with the Moscow Exchange to trade currencies and create forex derivatives contracts between the two markets.

VIDEO: Quebec Premier Victory Speech: Shots Fired, 1 Dead, Gunman Detained

[anyplayer:url=] Quebec’s newly-elected Premier Pauline Marois has been rushed off stage during her acceptance speech, after shots were heard inside Montreal’s Metropolis concert hall. One man is reported dead. Another person is in a critical…