Sunday, September 14, 2014

Power support “Rosneft” and Novatek NWF – RBC

Power support "Rosneft" and Novatek NWF – RBC

Photo: Ekaterina Kuzmina / RBC

«We decided that up to 60% of SWFs can be invested in projects, infrastructure projects Rosatom and Russian Direct Investment Fund. We agreed that we can additionally review the structure of investment and part of the funds provided under the 60%, to redistribute large companies, which today lost the external debt markets. First of all, it’s “Rosneft” and NOVATEK “- quoted by Interfax Siluanova.

The Minister noted that the two companies applied for support from the government in order to help the replacement of external sources of financing. “In principle, we are ready to consider these proposals in general terms within 60% of the NWF, which provides for investments”, – he added.

If “Rosneft” and Novatek completed all the procedures required for the analysis of projects , then the money can get in this year, made Siluanov.

Use tools in excess of 60% FNB already identified for investment in infrastructure projects, the government has no plans, assured the Minister of Finance.

The Minister said that 40% of the National Welfare Fund until decided not to print. “This is our strategic reserve, the reserve”, – he explained. In this Siluanov not rule out that in the case of deterioration of the economic situation, this decision will be reconsidered.

«Rosneft» NOVATEK and hit the American sanctions list in July 2014. Investors and banks to lend to the United States was banned these companies. On Friday, September 12, the United States expanded sanctions against Russia. American sanctions list appeared bigger European – he “covered” almost all Russian oil and gas sector. American companies are forbidden to provide “Gazprom”, “Rosneft” LUKOIL “Surgutneftegaz”, “Gazprom Neft” and Novatek products and technologies required for the development of oil in deep water and the Arctic shelf, as well as in shale formations. United States adopted measures designed to prevent the supply of technology and equipment to Russian companies, even through intermediaries.

Earlier this week, Prime Minister Dmitry Medvedev at a meeting with the head and co-owner of Novatek Leonid Michelson promised government support to companies who are in the black Lists of the West. “Domestically, we have different priorities stand out. There are public, there is a private company, but in the face of this kind of unfair practices can be no doubt that the state has always had and will have a Russian business support “, – assured the Prime Minister.

Marina Magay

LikeTweet

No comments:

Post a Comment