Media reports on Russian ships call into Ceuta are controversial — embassyRussian Politics & Diplomacy October 26, 22:03
Russia’s telecom watchdog tries to block LinkedIn through courtSociety & Culture October 26, 21:29
DPR envoy reports no constructive discussion on "Steinmeier formula" in MinskWorld October 26, 21:14
Six NATO countries say ready to dispatch their forces to Black Sea areaWorld October 26, 20:43
Moscow refutes allegations about plans for Russian cruiser's call into Spanish portMilitary & Defense October 26, 20:38
US, Israel abstain from UN GA vote condemning Cuba embargoWorld October 26, 20:31
Western sanctions expected to relax gradually in 2017 — ex-finance ministerBusiness & Economy October 26, 20:25
Mark Zuckerberg, Bill Gates intend to see battle for world’s chess crown — FIDE chiefSport October 26, 20:24
Mi-8 helicopter lost in Russia's Yamal was running out of fuel — IACWorld October 26, 20:20
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.