Monday, April 11, 2016

“Rosneft” has proposed to classify the information of the annual report – RBC

The management of “Rosneft” believes that some of the information that is now mandatory are published in the annual report, be reckoned as a commercial secret, “Vedomosti».

This proposal Vice President of “Rosneft” Larisa Calanda outlined in a letter to the Deputy Minister of economic development Nicholas Podguzovu.

in 2015, in a resolution setting out a list of information that must be disclosed to the state-owned company, has been amended. They increase the amount of information that state-owned companies are required to publish. In the “Rosneft” these changes do not agree, pointing out that the scope and degree of detail of the information disclosed by the state company, substantially exceeds the volume of disclosures in the reports of private Russian and top foreign companies.

The company’s sensitive data offer they include the following information: the target values ​​of the long-term development program; program of alienation of non-core assets; amount allocated for the implementation of investment projects; data on the investments of the company, the expected level of income which is more than 10% a year.

The heads of “Rosneft” and “Gazprom” Igor Sechin and Alexei Miller in mid-February, the prime minister asked Dmitry Medvedev to withdraw the majority of its transactions iz under the action “On public procurement” of the law. In their view, the publication of information about the transactions, their price parameters and counterparty “provokes a rise in the cost of the attracted credits and has a significant impact on the Russian financial market, causing a change of quotations exchange rates and speculative borrowing.” From the application of procurement law is also proposed to withdraw the deal with real estate and land.

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