MOSCOW: Russia's state-held oil giant Rosneft said on Friday it was working on a plans to reduce the effects of Western sanctions over Ukraine, and announced a five-fold jump in second-quarter earnings.
"Together with our partners – the world's leading oil companies – we are working on a plan to minimise the consequences of including Rosneft on the sanction lists," Rosneft chief executive Igor Sechin said in the company's earning statement.
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