Ukrainian Army units shell Donetsk Republic in first hours of newceasefireWorld June 24, 5:19
Politician says Russia vs Mexico football game will be interesting to watchSport June 23, 21:11
Kyrgyz president sees revival of relations with Russia as major result of his tenureWorld June 23, 20:49
Ex-premier says initiative to impeach Poroshenko stems from Ukraine’s economy collapseWorld June 23, 20:20
This week in photos: Confederations Cup opening and summer solstice celebrationsSociety & Culture June 23, 19:11
Turkish ambassador to Russia: Moscow and Ankara to join efforts in war on terrorWorld June 23, 18:45
Ukraine’s finance ministry files appeal to London Court against Russia in $3 bln debt caseBusiness & Economy June 23, 18:42
Ukrainian society tired of Poroshenko’s policy — expertRussian Politics & Diplomacy June 23, 17:58
Deutsche Welle sees Russian international broadcasters as threat to European ideasWorld June 23, 17:34
MILANO, September 13. /ITAR-TASS/. Rosneft and NOVATEK may receive state support from the Russian National Wellbeing Fund for current projects, Russia’s Finance Minister Anton Siluanov told reporters on Saturday.
“We have agreed to review the investment structure, and a part of the money from the 60-percent part to distribute among major companies, which now have lost foreign markets of borrowings,” he said. “Those are first of all Rosneft and NOVATEK.”
The two companies had asked the government for financial support to replace foreign debt sources.
The government decided not to use the remaining 60% of the Fund, he said. “This is our strategic stock, reserve. Sure, if the situation is escalated, we may reiterate the topic. As yet, we are not considering bigger investments from the Fund above the earlier decisions.”
If all procedures are observed, Rosneft and NOVATEK may receive the money before the yearend.
“This is money for existing projects, for which they have attracted also Chinese money, and money from other investors, as well as own money,” the finance minister said. “This is the money we are investing to compensate for missing foreign loans.