Rosneft Says ‘Illegitimate’ Sanctions Won’t Stop Investments - Bloomberg:
"OAO Rosneft (ROSN), the world’s biggest publicly traded oil producer by volume, said U.S. sanctions over the Ukraine conflict were “illegitimate” and wouldn’t change the company’s strategy.
The financial position of Russia’s largest oil producer is “robust” and operating cash flow will allow current projects to continue while maintaining dividend payments, the Moscow-based company said in a statement today.
The Obama administration’s most aggressive sanctions on Russia yet, announced two days ago, will prevent Rosneft from accessing U.S. equity or debt markets for new financing with a maturity beyond 90 days. They don’t otherwise prohibit U.S. companies or individuals from doing business with sanctioned firms, which also include gas producer OAO Novatek and OAO Gazprombank."
'via Blog this'
No comments:
Post a Comment