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The loan from an obscure UAE company may tie up most of South Sudan’s oil revenues for many years, UN investigators say.
A little-known company run by a distant relative of the Abu Dhabi royal family agreed to lend 12 billion euros ($12.9 billion) to South Sudan in exchange for repayment in oil, making it one of the largest ever oil-for-cash deals and the latest such intervention in a struggling African country.
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