By the end of March, Rosneft had on its balance $20 billion of advance payment for export contracts
Edited by Rhod Mackenzie / 2014-07-07 09:27:16
Unprecedented transactions have enabled Rosneft to create the giant ‘safety net’ of cash, the Vice CFO S. Slavinsky says. By the end of March, Rosneft had on its balance $20 billion of advance payments for export contracts. Mr. Slavinsky states that the money raised in accordance with the terms of advance payment on the transactions means that Rosneft has enough cash for the covering of its debt refinancing needs for the coming 12 months.
