Russia wants to attract funds for oil companies from countries that didn’t impose sanctions

The Russian Government intends to raise funds from financial institutions of the countries that haven’t imposed sanctions against Russia, and hopes that they will help to finance investment programs of the oil companies, the Deputy Prime Minister, Arkady Dvorkovich reported.

"We are actively working with financial institutions of countries that haven’t succumbed to the temptation of imposing sanctions, it is primarily China and some other countries. We hope that together with our resources this will allow us to fully fund the investment programs of our oil companies,"- said Dvorkovich, asked about the support measures for the Russian oil and gas companies, which were in the sanctions list of the West.

In addition, according to Dvorkovich, there is work with Russian banks. "We partially solve the problem of financing of investment programs to help Russian banks to the maximally meet the needs of our large companies,- he said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer