Popular News From Popular Sites: Russia's Rosneft asks state for $40 billion to weather sanctions - paper

Thursday, August 14, 2014

Russia's Rosneft asks state for $40 billion to weather sanctions - paper

The logo of Russia's top crude producer Rosneft is seen in Moscow Igor Sechin, the head of Russian oil giant Rosneft , has asked the government to provide the company with 1.5 trillion roubles ($41. 9 billion pounds) to help the company weather western sanctions, the Vedomosti newspaper reported on Thursday. Under the plan, the state would spend money from its National Wealth Fund to buy Rosneft bonds, the paper reported, citing government sources. The paper added that Prime Minister Dmitry Medvedev had asked officials to analyse the idea.




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