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Rosneft asks Russian government for $42bn loan


Published Aug 18, 2014
Rosneft-4

Russia's Rosneft has asked the Russian government for a $42bn loan, a clear sign of the growing cost of Western sanctions.

The government will consider the request from Igor Sechin, head of Rosneft, to offset the impact of Western restrictions against the state-owned company within the next two weeks.

The US has imposed sanctions on Rosneft and Novatek, the second-largest gas producer, and together with the EU has restricted sales of technology to the Russian oil industry.

Sanctions on Russia have limited Rosneft's ability to raise funds.

Tags: Rosneft




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