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Anti-Russian sanctions

Russia's Slavneft doesn’t expect new US sanctions to have significant impact on Rosneft

The US imposed additional sanctions against several subsidiaries of one of the main shareholders of Rosneft

© TASS/Viktor Drachev

MOSCOW, August 3. /TASS/. Russian oil producer Slavneft, a joint venture of oil giants Rosneft and Gazprom Neft, does not expect additional US sanctions to have a significant impact on Rosneft, the company said in a statement on Monday.

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"On July 30, 2015, the US imposed additional sanctions against several subsidiaries of one of the main shareholders of the group [Rosneft - TASS]. Considering that the group’s enterprises are not on the list of sanctioned companies, this measure won’t have a significant impact on the group’s activities," - the company said.

On July 30, the US Finance Ministry extended its sanction list adding a number of Russian companies, including 35 affiliates of the VEB development bank and Rosneft, including Russian Direct Investment Fund, Globex bank, Eximbank of Russia and Achinsk oil refinery.

VEB and Rosneft are already under the US sanctions, which do not allow them and their subsidiaries to raise financing on the US market for over 30-days period.

Rosneft does not rule out filing lawsuits on possible losses due to sanctions.

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Sanctions vs. Russia Rosneft

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