Russian oil giant seeks funds earmarked for pensions


  • World
  • Thursday, 14 Aug 2014

Finland's President Sauli Niinisto speaks to the media in Helsinki August 14, 2014. REUTERS/Heikki Saukkomaa/Lehtikuva

MOSCOW (Reuters) - Russia's Rosneft, which produces more oil than Iraq or Iran, is seeking a $42 billion(25.18 billion British pound)loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed over Moscow's role in Ukraine.

Analysts expected the Russian government to turn down the proposal by the world's largest listed oil producer, one fifth owned by BP and run by a close ally of President Vladimir Putin, unless political pressure is brought to bear.

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