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On August 14, business daily Vedomosti reported that Rosneft CEO Igor Sechin asked the government for financial aid attributing the need to sanctions imposed by the U.S. against the company. Sechin suggested that the wealth fund should purchase 1.5 trillion rubles of new Rosneft bonds, as one of the options.
The company’s total debt amounts to 2.2 trillion rubles ($60.8 billion). However, it lately received a $17 billion prepayment for oil supplies to China, while the total sum will amount to $70 billion.