Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


Rosneft Conducts Legal Analysis Of Sanctions
July 19, 2014 17:36


(Source: http://ria.ru/trend)

 “Rosneft” conducts a legal analysis of sanctions.

Operating cash flow of “Rosneft” allows the company to continue the implementation of current projects under the sectoral sanctions of the USA. This was stated in the official statement of the company. “The company will continue its work on current projects and agreements.

“Rosneft” Oil Company is in a stable financial position. Operating cash flow of the company allows it to continue the implementation of current projects. The financial position of “Rosneft” Oil Company also makes it possible to reach key performance indicators of strategy and dividend policy” - the company reported. “Rosneft” notes that the company has enough liquid funds for debt servicing and fulfilling all obligations under contracts. In particular, in June “Rosneft” and its shareholder - the British BP Company - signed an agreement on the supply of oil and refined products, at that the prepaid contract amount made up about $ 2 billion.

Besides, the company also points out that the sanctions, among other things, do harm to American citizens and residents, because “Rosneft” is a public company whose shares are traded on Russian and international stock exchanges. “Rosneft” also emphasizes that “it doesn’t influence political and economic processes in Ukraine.”  

According to the company, in this regard these sanctions are illegal and unfounded. The company is currently conducting a legal analysis of the sanctions and consults with its international partners.

Imposition of sanctions.
Overnight into July 17 the USA Treasury Department announced that the United States imposed additional sanctions against Russia in connection with the situation in Ukraine. The list of sanctions included, in particular, “Rosneft” Oil Company, Vnesheconombank, Gazprombank, OAO NOVATEK, “Uralvagonzavod”, “Almaz-Antey” and “Kalashnikov” concerns and several other enterprises. 




Author: Anna Dorozhkina

Tags: Rosneft Sanctions Russian oil   

Next Previous

You might also find interesting:

The Nord Stream-2 can Fall under American Sanctions Computer Specialist From Samara Involved In Publication Of Intimate Pictures Of Hollywood Stars Establishment Of Phanagoria Museum-reserve No Floating Hotels In Moscow Russia Will Repay Soviet Debt To Yugoslavia









Comment on our site


RSS   twitter      submit



TAGS:
Irkutsk Region  Irkutsk  Moscow  Buzz Barometer  Warner Bros  Russian economy  Moscow parks  Musika Frère  Vandalism  international forum  Russian Monuments  St. Petersburg  politics  Elections 2012  Russian science  Exhibitions in Moscow  Shakira  Honey Waterfalls  Renaissance Hotel  Incidents  Russia in space  Viktor Fainberg  Chelyabinsk meteorite  Sultanna Frantsuzova  Photo Exhibitions  Russian scientists  spacewalk  Chernaya Rechka  Arkhangelsk region  Cultural Venues of Moscow  Russian Cinema  Russian business  Historical Exhibitions  Isaac Levitan  Travel  Russian tourism  Ostashkov  Robots  Mercedes-Benz Fashion Week Russia  Regional Cuisines  Russian Film Directors  fashion designer  International Cinema  Monuments  Turkish stream  Kaluga Region  volcano  Psaltery  Exhibition Sales  Pussy Riot case 


Travel Blogs
Top Traveling Sites