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Energy Department Backs Off $730M Loan Guarantee to Russian Firm

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posted on Jan, 6 2012 @ 11:57 PM
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This is not the only restriction being applied against Russia, also yestarday a new law was passed which restricts U.S. missile defense disclosures to them as well, while the first European Antimissile Command was formally established the same day. Light sanctions possibly?

How about some American investment...

Source

The Department of Energy has backed off a $730 million conditional loan guarantee to a Russian company for a steel plant in Michigan, after Republicans complained about the proposed arrangement.

The Obama administration did not offer a specific reason for discontinuing federal support for Russian firm Severstal. Energy Department spokesman Damien LaVera said only that officials reached the decision after a review of the application.


Also today:

New Law Restricts U.S. Missile Defense Disclosures to Russia

U.S. Army Formally Stands Up First Antimissile Command in Europe








edit on 7-1-2012 by Daedal because: Edit

edit on 7-1-2012 by Daedal because: Edit




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