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State-run Rosneft, which accounts for 40% of Russian oil production, was hit by sanctions from the United States over Ukraine, limiting the company's access to Western money.
Svyatoslav Slavinsky, chief financial officer, said that after the new sanctions were announced, the company had not changed its plans regarding cooperation with foreign partners on existing projects.
“There have been no changes in cooperation with foreign partners,” Slavinsky told a conference call for investors.
“Everything is being financed as scheduled,” he said, adding that no major changes were expected.