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Tuesday, 4 April 2017

Russia's Rosneft hopes Iran rulings can help it beat EU sanctions | Reuters

Russia's Rosneft hopes Iran rulings can help it beat EU sanctions | Reuters:

"Russian oil major Rosneft (ROSN.MM) hopes to benefit from European court rulings that have allowed some Iranian banks to escape from European Union sanctions.

Russia's largest oil firm has been subject to sanctions since 2014, following Russia's annexation of Ukraine's Crimea region. Chief Executive Igor Sechin, a close ally of Russian President Vladimir Putin, is himself under sanctions.

Sanctions complicate fund-raising for the state-run Rosneft and have prevented western companies from helping it develop deepwater, shale and Arctic oil deposits, including a large venture with Exxon Mobil (XOM.N)."



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