LONDON: Rosneft is raising money from Swiss trader Trafigura days before it must repay a US$7bil debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond market fuelled a devaluation of the rouble.
The Kremlin-controlled firm’s ability to raise debt has been severely reduced by sanctions imposed by Western powers which condemn Russia’s annexation of Crimea and accuse it of orchestrating a rebellion in eastern Ukraine – a charge denied by Moscow.
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