NATO’s saber-rattling only impairs security of alliance's members — diplomatRussian Politics & Diplomacy May 22, 20:20
Russian sledge hockey team may compete in 2018 Paralympics — IPCSport May 22, 18:53
PM Medvedev says envoy’s murder 'left imprint' on Russian consulate’s work in TurkeyRussian Politics & Diplomacy May 22, 18:40
Peruvian fire-fighting service wants to buy Russian Mi-171 helicoptersBusiness & Economy May 22, 18:00
Putin sets task of accelerating work on super-heavy rocketScience & Space May 22, 17:55
Russian PM comments on decision to remove trade restrictions with TurkeyBusiness & Economy May 22, 17:39
Russia and its EU partners discuss entry point for Turkish Stream’s second lineBusiness & Economy May 22, 17:38
Austrian chancellor to address SPIEF-2017 on June 2Business & Economy May 22, 17:00
Russian air defense weaponry sparks interest at Minsk military showMilitary & Defense May 22, 16:54
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.