Punishment did not affect the financial performance of Rosneft, said Sechin
Punishment did not affect the financial performance of Rosneft, the Company currently does not need large loans, said the head of " Rosneft " Igor Sechin.
" on the financial performance of the organization punishment had no effect, because the Company generates sufficient cash flow. We have no need to attract large credit lines now, " he said in an interview
While he acknowledged that there are certain limits on the development of offshore projects, but once again noticed that now it has no impact on the financial performance of Rosneft.
The participation of foreign institutions in offshore projects of Rosneft was called into question because of the sanctions the EU and the US. Together with ExxonMobil, Rosneft led drilling in the Kara sea, which helped to open a large Deposit of Victory with reserves of 120 million tons of oil and 390 billion cubic meters of gas.
European partners of " Rosneft " in offshore projects are Norway's Statoil and Italy's Eni, which the Russian Company developing areas in the Barents, Okhotsk and Black seas.
The US and EU do not recognize the annexation of Crimea to Russia and accused Moscow of interfering in Ukraine. Russia denies it and calls the accusations are unacceptable. Western countries since March has repeatedly imposed punishment on a number of Russian politicians, businessmen and organizations and threatened to make wider restrictive measures. The last case of the use of such practices began in September punishment.
A complete list of Russian Citizens and organizations who are under punishment, -