Monday, December 23, 2024

Russia's Rosneft Asks For Over $48 b From State Wealth Fund

Posted by October 22, 2014

Rosneft, Russia's top oil producer hit by Western sanctions, has asked for more than 2 trillion roubles ($48.52 billion) from the National Wealth Fund, Finance Minister Anton Siluanov told reporters on Wednesday.

The National Wealth Fund is one of Russia's two rainy day funds that collect windfall oil revenues.

(1 US dollar = 41.2200 Russian rouble)

(Reporting by Dasha Korsunskaya; writing by Katya Golubkova; Editing by Lidia Kelly)

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