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Anti-Russian sanctions

Russia’s National Wealth Fund may grant Rosneft, Novatek $4 billion by 2014

"We will consider the proposals by the companies using standard procedures that exist in the fund," Russian Finance Minister Anton Siluanov says

Russian Finance Minister Anton Siluanov ITAR-TASS/Dmitry Rogulin

Russian Finance Minister Anton Siluanov

© ITAR-TASS/Dmitry Rogulin

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Rosneft, NOVATEK may receive state assistance for current project - Finance Minister

SOCHI, September 19. /ITAR-TASS/. The government may grant $2-4 billion from the National Wealth Fund designed to secure the country’s pension system both to Russian oil major Rosneft and gas company Novatek in 2014 to help them survive sanctions, Finance Minister Anton Siluanov said Friday at an investment forum.

“Indeed, Rosneft and Novatek asked the Russian government to spend a part of the National Wealth Fund’s money on their bonds. We will consider the proposals by the companies using standard procedures that exist in the fund. I think we can make decisions regarding this in 2014,” Siluanov said.

Economic Development Minister Alexey Ulyukayev said that Rosneft and Novatek will not have enough time to prepare petitions to get the financial assistance this year. This is possible if “there are proposals from the two companies, and now there are no petitions. They must undergo all necessary procedures and only in this case they will be included in a short list of companies authorized for this kind of financing. I have doubts that it is possible to make it this year,” Ulyukayev said.

Siluanov separately said that Russia may invest money of the Reserve Fund and the National Wealth Fund in bonds issued by other BRICS countries.

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Sanctions vs. Russia Anton Siluanov Alexey Ulyukayev Rosneft Novatek

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Former Mossad agents disclose details of pager operation against Hezbollah

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Is Gaddafi's gloom prophecy in regard to Europe bound to be fulfilled?

As Europe’s migrant crisis grows far and wide, many Russian media are recalling the late Libyan leader Muamar Gaddafi’s gloom prophecy made several months before his violent death

Deployment of Moldovan troops to Transnistria to violate settlement accords — expert

On April 15, 2013, two explosions, with 12 seconds in between, happened in Boston’s downtown, near the finish line of the traditional marathon

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Two-thirds of Russians dissatisfied with 2024, survey reveals

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Burkina Faso, Mali, Niger take armies to maximum alert — declaration

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TASS has gathered the main information about the incident

Russia no threat to Finland, Sweden, but ready to counter threats from them — diplomat

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Trump appoints TV producer Burnett as special envoy to UK

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NATO spies study damage from Oreshnik at Yuzhmash — expert

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Kiev to face more destruction after its UAV attack on Kazan, Putin warns

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Putin, Slovak PM discuss bilateral relations, energy — Kremlin

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No real impulses for organization of Putin-Trump meeting so far — Kremlin spokesman

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Russia ready to normalize relations with US without detriment to its interests — Putin

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Greenland PM tells Trump island not for sale

Mute Egede stressed that Denmark should continue to be open to cooperation and trade with the whole world, especially with its neighbors

Kiev takes out its anger for military defeats on Russian people — diplomat

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Roman Starovoyt noted that Russia is holding negotiations with many airlines from friendly countries

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Russian 'soldier of the future' combat gear tested in Syria

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