88m3
Fast Money & Foreign Objects
Yeah, I'm not really following that either...
Another Big Win For Putin!!!
- Thread starter 88m3
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Yeah, I'm not really following that either...
ADevilYouKhow
Rhyme Reason
Putin on a good old winning spree . 
Its the smallest part of their economy and an already weak area for them...
We all have to admit guys that Putin outdid himself. This guy will start becoming desperate and as soon as he try to make a move rather is just go all out on Ukraine or something else, expect those chec fighters to come back in the fold to expose terror in the country.
Have some understanding.
Thr goal here is to get putin and the billionaire boys club of moscow.. to not support Russian goons in the Ukraine and elsewhere. These people are Russian by blood and they believe in thier cause... plus Russian people dont trust the banks so going at the Russian banks, aka the already weak part of Russia... is retarded and pointless. They will complete their goals while the west will not meet its goals.
So thats why Putin isn't taking the so called L.
So lets not be silly breahhs. Russia isnt feeling it so ot hasn't even fought back against this shyt.... they have three major things they could do... to fukk over these half unstable fukk economies in the west. After they do those things they could drop the bomb on the EU..... aka Gazprom. The Eu doesn't want putin to even go there... they will back the usa up until that point.
The leader of Ukraine is a fukkin c00n. He even got the name Yats from cacs in the usa government... he is a pro west puppet leader... of course ethnic russians are gonnna try to fukk him up because he banned the Russian language.. rejected historic trade deals, ..... he wants to be a western c00n ass cac puppet and now our media paints it as russia going crazy and taking economic Ls for no reason.
Its not like the usa interest are the moral high ground... they're bout that puppet life just like Russia
Thr goal here is to get putin and the billionaire boys club of moscow.. to not support Russian goons in the Ukraine and elsewhere. These people are Russian by blood and they believe in thier cause... plus Russian people dont trust the banks so going at the Russian banks, aka the already weak part of Russia... is retarded and pointless. They will complete their goals while the west will not meet its goals.
So thats why Putin isn't taking the so called L.
So lets not be silly breahhs. Russia isnt feeling it so ot hasn't even fought back against this shyt.... they have three major things they could do... to fukk over these half unstable fukk economies in the west. After they do those things they could drop the bomb on the EU..... aka Gazprom. The Eu doesn't want putin to even go there... they will back the usa up until that point.
The leader of Ukraine is a fukkin c00n. He even got the name Yats from cacs in the usa government... he is a pro west puppet leader... of course ethnic russians are gonnna try to fukk him up because he banned the Russian language.. rejected historic trade deals, ..... he wants to be a western c00n ass cac puppet and now our media paints it as russia going crazy and taking economic Ls for no reason.
Its not like the usa interest are the moral high ground... they're bout that puppet life just like Russia
I saw in the NYT today that they're STILL ramping up defenses on the border.
Something is about to go down
Dude how did you forgot so fast?? It was just about 3 to 5 years ago when Russia was having crazy protests because the people didnt want Putin in office again. The people over there is suffering and they want change which is why Putin is locking up Journalists and government threats. Dude is a dictator breh. It wont be before long the billionaires turn on his ass.
He becoming desperate and it is not like he can just leave. He can't and EU/U.S beat him at his own game.
Theres a documentary called "Putin, Russia, and The West" on BBC. shyt is hilarious.
Putin said some shyt like "I saw some protestors with some white things on their shirts. I couldn't tell what it was. Don't laugh, but I thought it was some thing for AIDS. I thought they were wearing condoms on their shirts"
It was white ribbons
http://www.theguardian.com/world/2011/dec/15/vladimir-putin-mocks-moscow-protesters
Its been like this.... and these billionaires didn't turn on him at any point even at his lowest.... it benefits everyone of them to stick together... a person going from 2.3 billion to 2.1 Billion isnt gonna promt them to incite I.stability in russia and take out a dictator. Ntm the economy of russia is still expected to grow this year.
Hating on Putin and dissing the russian economy has become a hobby for some people, but the reality isnt matching the desire to see them fail. I dont even understand the hate. Regardless, over the last who knows how many years, who knows how many incidents.... so many people have predicted the collapse of russia and dropping of putin.
First off putin is still running shyt even when he doesn't hold the seat. .. since the world financial crisis a few years ago... russia has grew faster than any EU nation. Alll these stupid ass predictions were proven wrong as hell. Its the most underrated player in the game for economic stability and the value of its natural resources is underrated.... EU depency is understated.
The economy isnt perfect and obviously they have a dictator... but these sanctions aren't gonna stop their goals and thw west will not met their goals, so who takes the L?
88m3
Fast Money & Foreign Objects
5 August 2014 Last updated at 12:43 ET
BBC rebuffs Russian state complaint over Siberia march
A Russian state watchdog objects to an article on bbcrussian.com
Continue reading the main story
Related Stories
Artem Loskutov spoke to the BBC Russian Service on 31 July, and the website bbcrussian.com reported the interview.
A BBC spokesperson said the story was fully compliant with BBC guidelines.
In a complaint to the BBC the Russian state media watchdog Roskomnadzor warned it might block bbcrussian.com.
Russian campaigners in support of the march have had their pages blocked on Vkontakte, the most popular social network in Russia, often likened to Facebook.
Loskutov spoke in Russian on the BBC's current affairs programme BBSeva. He told the interviewer Seva Novgorodtsev about a planned "march for the federalisation of Siberia" in the city of Novosibirsk.
In a separate blog piece, Loskutov described the march as "part parody, part provocation, but also, partly, a real attempt to gain autonomy".
'Full compliance'
The BBC's statement on Tuesday said: "We have no plans to remove this interview from our website.
"Mr Loskutov is an artist and activist known for organising events which are, at first sight, parodies of political activity, but which also bring out serious issues about life in Russia. Mr Loskutov's views represent his personal position.
"The BBC aims to present all sides of a story in an impartial, unbiased way, and we have also requested an interview with a Russian government official to explain their position on the planned march. Our editorial decisions are guided by the BBC's Editorial Guidelines and the story in question is in full compliance with the requirements set out by this document."
Earlier, Roskomnadzor released a statement, quoted by Russian media, saying it had asked the BBC Russian Service editors to remove the story.
It warned that if the editors "continue to adopt an unconstructive position then the only possibility left to Roskomnadzor, to implement Federal Law 398-F3 of 28.12.2013, will be to block the BBC Russian Service website, on which the illegal information is published".
The law (in Russian) entitles the Russian authorities to block any information on the web which could threaten civil order and incite mass disturbances or "extremist actions".
http://www.bbc.com/news/world-europe-28724487
BBC rebuffs Russian state complaint over Siberia march
Continue reading the main story
Related Stories
- Siberian Republic campaign taken down
- 'Draconian' Russian net law enacted
- Russian editor fired in Ukraine row
Artem Loskutov spoke to the BBC Russian Service on 31 July, and the website bbcrussian.com reported the interview.
A BBC spokesperson said the story was fully compliant with BBC guidelines.
In a complaint to the BBC the Russian state media watchdog Roskomnadzor warned it might block bbcrussian.com.
Russian campaigners in support of the march have had their pages blocked on Vkontakte, the most popular social network in Russia, often likened to Facebook.
Loskutov spoke in Russian on the BBC's current affairs programme BBSeva. He told the interviewer Seva Novgorodtsev about a planned "march for the federalisation of Siberia" in the city of Novosibirsk.
In a separate blog piece, Loskutov described the march as "part parody, part provocation, but also, partly, a real attempt to gain autonomy".
'Full compliance'
The BBC's statement on Tuesday said: "We have no plans to remove this interview from our website.
"Mr Loskutov is an artist and activist known for organising events which are, at first sight, parodies of political activity, but which also bring out serious issues about life in Russia. Mr Loskutov's views represent his personal position.
"The BBC aims to present all sides of a story in an impartial, unbiased way, and we have also requested an interview with a Russian government official to explain their position on the planned march. Our editorial decisions are guided by the BBC's Editorial Guidelines and the story in question is in full compliance with the requirements set out by this document."
Earlier, Roskomnadzor released a statement, quoted by Russian media, saying it had asked the BBC Russian Service editors to remove the story.
It warned that if the editors "continue to adopt an unconstructive position then the only possibility left to Roskomnadzor, to implement Federal Law 398-F3 of 28.12.2013, will be to block the BBC Russian Service website, on which the illegal information is published".
The law (in Russian) entitles the Russian authorities to block any information on the web which could threaten civil order and incite mass disturbances or "extremist actions".
http://www.bbc.com/news/world-europe-28724487
88m3
Fast Money & Foreign Objects
August 2014 Last updated at 16:52 ET
Ukraine crisis: Donetsk rebels call for ceasefire
Ukraine government forces appeared to have made gains after fighting on Friday and Saturday
Continue reading the main story
Ukraine crisis
Pro-Russian rebels in Ukraine's east have called for a ceasefire in Donetsk to avert a "humanitarian catastrophe".
Newly installed rebel political leader Aleksandr Zakharchenko made the call after other rebels said the army had taken a key city and encircled Donetsk.
Russia immediately renewed its offer to send a humanitarian mission, a day after Western powers warned against using such a mission to send troops.
An estimated 1,500 people have been killed in the four-month conflict.
Pro-Russian rebels stormed cities in the east and took over government buildings in April in a bid for independence.
But the government stepped up operations to retake rebel-held areas following the election of Petro Poroshenko as president in June.
'Completely encircled'
Rebel commander Igor Girkin was quoted by Russian media as saying that Krasnyi Luch, which connects Donetsk city with Ukraine's Luhansk region, had been "captured".
Girkin, who is also known as Strelkov, said his men in the Donetsk region were "completely encircled".
Donetsk residents are surviving in an increasingly hostile environment, seeking refuge in bomb shelters
Some Donetsk residents have been trying to secure their houses in case the conflict gets too close
Mr Zakharchenko later said in a statement on a rebel website: "We are prepared to stop firing to bar the spread of the scale of the humanitarian catastrophe."
Russia, widely accused of supporting the rebels' efforts, also called for an "urgent action to avert an impending humanitarian crisis".
Foreign Minister Sergei Lavrov made the request during a phone call with US counterpart John Kerry, a statement said.
"The minister urged support for Russia's initiative to deploy a humanitarian mission in the south-east in co-ordination with the relevant international structures," the foreign ministry statement said.
Mr Kerry apparently replied that such efforts were already being made by the Ukrainian government.
On Friday, the UK and US had warned Russia not to use a humanitarian mission as a pretext for sending its forces to help the rebels.
In the capital, Kiev, the authorities tried to clear away protest camps in Independence Square
Some of the demonstrators had been in the square for months, and were not keen to move on
Meanwhile, reports from the city of Luhansk, second only to Donetsk in its importance to the rebels, suggest living conditions are dire.
The city council reported on its website (in Russian) on Saturday that the city of 425,000 people had been without electricity and power for a week.
Parts of the city were still being bombarded and most shops were shut.
The Ukrainian government, which has not commented on rebel claims about the situation in the east, says 13 soldiers and one civilian were killed in fighting on Friday.
In other developments
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http://www.bbc.com/news/world-europe-28724487
Ukraine crisis: Donetsk rebels call for ceasefire
Continue reading the main story
Ukraine crisis
Pro-Russian rebels in Ukraine's east have called for a ceasefire in Donetsk to avert a "humanitarian catastrophe".
Newly installed rebel political leader Aleksandr Zakharchenko made the call after other rebels said the army had taken a key city and encircled Donetsk.
Russia immediately renewed its offer to send a humanitarian mission, a day after Western powers warned against using such a mission to send troops.
An estimated 1,500 people have been killed in the four-month conflict.
Pro-Russian rebels stormed cities in the east and took over government buildings in April in a bid for independence.
But the government stepped up operations to retake rebel-held areas following the election of Petro Poroshenko as president in June.
'Completely encircled'
Rebel commander Igor Girkin was quoted by Russian media as saying that Krasnyi Luch, which connects Donetsk city with Ukraine's Luhansk region, had been "captured".
Girkin, who is also known as Strelkov, said his men in the Donetsk region were "completely encircled".
Mr Zakharchenko later said in a statement on a rebel website: "We are prepared to stop firing to bar the spread of the scale of the humanitarian catastrophe."
Russia, widely accused of supporting the rebels' efforts, also called for an "urgent action to avert an impending humanitarian crisis".
Foreign Minister Sergei Lavrov made the request during a phone call with US counterpart John Kerry, a statement said.
"The minister urged support for Russia's initiative to deploy a humanitarian mission in the south-east in co-ordination with the relevant international structures," the foreign ministry statement said.
Mr Kerry apparently replied that such efforts were already being made by the Ukrainian government.
On Friday, the UK and US had warned Russia not to use a humanitarian mission as a pretext for sending its forces to help the rebels.
Meanwhile, reports from the city of Luhansk, second only to Donetsk in its importance to the rebels, suggest living conditions are dire.
The city council reported on its website (in Russian) on Saturday that the city of 425,000 people had been without electricity and power for a week.
Parts of the city were still being bombarded and most shops were shut.
The Ukrainian government, which has not commented on rebel claims about the situation in the east, says 13 soldiers and one civilian were killed in fighting on Friday.
In other developments
- The Russian navy "expelled" a US submarine from its territorial waters in the Barents Sea on Thursday, a navy source told Russian media
- Russia announced it was freeing five Ukrainian officers for "humanitarian reasons", a day after announcing their arrest for suspected war crimes in Ukraine
- The authorities in the Ukrainian capital Kiev dismantled protest barriers erected during the winter in the city centre
http://www.bbc.com/news/world-europe-28724487
88m3
Fast Money & Foreign Objects
Finnair Says A350 Has Range to Detour If Russia Closes Skies
By Kasper Viita and Kari Lundgren Aug 13, 2014 6:57 AM ET
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Photographer: Henrik Kettunen/Bloomberg
Pekka Vauramo, chief executive officer of Finnair Oyj, speaks during a news conference... Read More
Finnair Oyj (FIA1S) said A350 planes due to join its fleet in 2015 have the potential to fly around Siberia to reach Asia should Russia implement plans to close airspace in response to European sanctions imposed over the Ukraine crisis.
Airbus Group NV (AIR)’s newest long-haul jet appears to have the range required to detour and still reach destinations inJapan and China around which Finnair has built its business model, Chief Executive Officer Pekka Vauramo said today.
Finnair, the first European A350 customer, will begin taking the planes next fall. Comparisons with Airbus A330 and A340 models that currently operate its long-haul routes suggest the twin-engine jet will have the capability for diversions, though Vauramo said “there are very few facts” available to indicate whether Russia will go ahead with airspace closures.
“The additional freight capacity of this plane translates to me that it does have the range, technically it’s possible,” the CEO said in a briefing in Vantaa, near Helsinki, while adding: “I don’t want to speculate about Russia. We all know too little about that one.”
Shares of Finnair were trading 2 percent higher as of 1:16 p.m. in Helsinki. The stock fell as much as 8.5 percent on Aug. 5, when news of Russia’s airspace deliberations first emerged.
Photographer: Henrik Kettunen/Bloomberg
An Airbus A350 XWB aircraft stands on the tarmac during a media event by Finnair Oyj at...Read More
More Flexible
Finnair will get the first four of 11 A350s on order in 2015, serving cities including Shanghai and Beijing, routes that could be impacted by a closing of Siberia’s skies. The new model will also be used for flights to Bangkok, followed by Hong Kong andSingapore in 2016 when the carrier will receive four jets. The final three A350s will be delivered in 2017, spokeswoman Paeivyt Tallqvist said, and Finnair has options for eight more.
The wide-body plane would bring operational flexibility beyond that of Finnair’s existing long-haul fleet, said Jarkko Konttinen, vice president for marketing, with the A330 lacking the range for significant detours on Asian routes and the A340 probably able to divert only on flights to certain locations.
The A350 has a range of 7,750 nautical miles, 350 more than Finnair’s A340-300s, according to Airbus specifications, and 1,650 nm beyond the limits of the A330-300, which carries two-fifths less fuel. The new model also has a freight capacity 13 percent higher than the A340 measured by containers carried, which could help eke out extra range if the plane flew light.
Growth Driver
Finnair’s comments suggest the hurdles facing carriers should Russia shut off eastern airspace that was opened up with the end of the Cold War and collapse of the Soviet Union “would not be insurmountable,” said Sandy Morris an aerospace analyst at Jefferies International Ltd. in London.
“The fact that the A350 could probably do the fly-around is obviously an advantage,” Morris said. “It’s been a bit of a boon to airlines having that Russian airspace open up.”
Even before the Ukraine crisis the A350’s introduction was critical to Finnair’s growth plans, CEO Vauramo said, with the model “one of the main drivers” in a push to improve margins over the next three years and to double revenue from Asian services by 2020 compared with 2010’s level.
The A350s will feature 46 flat-bed berths in business class and 208 coach seats, plus a new “economy comfort” section of 43 seats with four inches more leg room, for a total of 297. Finnair is making its first foray into premium-economy seats, with a one-way ticket costing 45 euros ($60) more than in coach.
More to Lose
With a long-haul strategy built around services connecting Europe with northeast Asia via the shortest routes over Russia, Finnair has more to lose than other carriers should Moscow elect to curb operations over Siberia.
Flights from Europe to Japan, northern China and South Korea would be hit hardest, according to flight-tracking website Flightradar24. Finnair has 115 weekly services across an area of Siberia 1,700 miles across -- a bigger proportion of its network than at Air France-KLM Group (AF) and Deutsche Lufthansa AG, the only airlines with more services spanning the region.
Finland’s transport ministry said yesterday that it’s conducting studies into the likely impact of an airspace shutdown as Russia threatens to widen its retaliation against the European Union in a tit-for-tat sanctions row.
Russia is weighing the prohibition of overflights to the Asia-Pacific, with measures “on the table” though “not necessarily immediate,” Prime Minister Dmitry Medvedev said Aug. 7 in the country’s most recent comments on the matter.
President Vladimir Putin’s government is considering steps directed at airlines after EU sanctions imposed over the escalating conflict involving pro-Russia rebels in eastern Ukraine led to the grounding of Moscow-based airline Dobrolet, the recently formed low-cost unit of OAO Aeroflot.
http://www.bloomberg.com/news/2014-...gs-to-detour-if-russia-shuts-siberia-sky.html
By Kasper Viita and Kari Lundgren Aug 13, 2014 6:57 AM ET
10 Comments Email Print
Save
Photographer: Henrik Kettunen/Bloomberg
Pekka Vauramo, chief executive officer of Finnair Oyj, speaks during a news conference... Read More
Finnair Oyj (FIA1S) said A350 planes due to join its fleet in 2015 have the potential to fly around Siberia to reach Asia should Russia implement plans to close airspace in response to European sanctions imposed over the Ukraine crisis.
Airbus Group NV (AIR)’s newest long-haul jet appears to have the range required to detour and still reach destinations inJapan and China around which Finnair has built its business model, Chief Executive Officer Pekka Vauramo said today.
Finnair, the first European A350 customer, will begin taking the planes next fall. Comparisons with Airbus A330 and A340 models that currently operate its long-haul routes suggest the twin-engine jet will have the capability for diversions, though Vauramo said “there are very few facts” available to indicate whether Russia will go ahead with airspace closures.
“The additional freight capacity of this plane translates to me that it does have the range, technically it’s possible,” the CEO said in a briefing in Vantaa, near Helsinki, while adding: “I don’t want to speculate about Russia. We all know too little about that one.”
Shares of Finnair were trading 2 percent higher as of 1:16 p.m. in Helsinki. The stock fell as much as 8.5 percent on Aug. 5, when news of Russia’s airspace deliberations first emerged.
Photographer: Henrik Kettunen/Bloomberg
An Airbus A350 XWB aircraft stands on the tarmac during a media event by Finnair Oyj at...Read More
More Flexible
Finnair will get the first four of 11 A350s on order in 2015, serving cities including Shanghai and Beijing, routes that could be impacted by a closing of Siberia’s skies. The new model will also be used for flights to Bangkok, followed by Hong Kong andSingapore in 2016 when the carrier will receive four jets. The final three A350s will be delivered in 2017, spokeswoman Paeivyt Tallqvist said, and Finnair has options for eight more.
The wide-body plane would bring operational flexibility beyond that of Finnair’s existing long-haul fleet, said Jarkko Konttinen, vice president for marketing, with the A330 lacking the range for significant detours on Asian routes and the A340 probably able to divert only on flights to certain locations.
The A350 has a range of 7,750 nautical miles, 350 more than Finnair’s A340-300s, according to Airbus specifications, and 1,650 nm beyond the limits of the A330-300, which carries two-fifths less fuel. The new model also has a freight capacity 13 percent higher than the A340 measured by containers carried, which could help eke out extra range if the plane flew light.
Growth Driver
Finnair’s comments suggest the hurdles facing carriers should Russia shut off eastern airspace that was opened up with the end of the Cold War and collapse of the Soviet Union “would not be insurmountable,” said Sandy Morris an aerospace analyst at Jefferies International Ltd. in London.
“The fact that the A350 could probably do the fly-around is obviously an advantage,” Morris said. “It’s been a bit of a boon to airlines having that Russian airspace open up.”
Even before the Ukraine crisis the A350’s introduction was critical to Finnair’s growth plans, CEO Vauramo said, with the model “one of the main drivers” in a push to improve margins over the next three years and to double revenue from Asian services by 2020 compared with 2010’s level.
The A350s will feature 46 flat-bed berths in business class and 208 coach seats, plus a new “economy comfort” section of 43 seats with four inches more leg room, for a total of 297. Finnair is making its first foray into premium-economy seats, with a one-way ticket costing 45 euros ($60) more than in coach.
More to Lose
With a long-haul strategy built around services connecting Europe with northeast Asia via the shortest routes over Russia, Finnair has more to lose than other carriers should Moscow elect to curb operations over Siberia.
Flights from Europe to Japan, northern China and South Korea would be hit hardest, according to flight-tracking website Flightradar24. Finnair has 115 weekly services across an area of Siberia 1,700 miles across -- a bigger proportion of its network than at Air France-KLM Group (AF) and Deutsche Lufthansa AG, the only airlines with more services spanning the region.
Finland’s transport ministry said yesterday that it’s conducting studies into the likely impact of an airspace shutdown as Russia threatens to widen its retaliation against the European Union in a tit-for-tat sanctions row.
Russia is weighing the prohibition of overflights to the Asia-Pacific, with measures “on the table” though “not necessarily immediate,” Prime Minister Dmitry Medvedev said Aug. 7 in the country’s most recent comments on the matter.
President Vladimir Putin’s government is considering steps directed at airlines after EU sanctions imposed over the escalating conflict involving pro-Russia rebels in eastern Ukraine led to the grounding of Moscow-based airline Dobrolet, the recently formed low-cost unit of OAO Aeroflot.
http://www.bloomberg.com/news/2014-...gs-to-detour-if-russia-shuts-siberia-sky.html
88m3
Fast Money & Foreign Objects
Rosneft Said to Ask State for Up to $42 Billion on Sanctions
By Evgenia Pismennaya and Elena Mazneva Aug 14, 2014 11:52 AM ET
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Photographer: Andrey Rudakov/Bloomberg
Rosneft Chief Executive Officer Igor Sechin wrote to the government outlining five... Read More
OAO Rosneft (ROSN) asked the state for as much as 1.5 trillion rubles ($42 billion) of aid, a government official said, signaling a U.S. ban on long-term loans to Russia’s largest company is starting to bite.
The state-run producer, which pumps 40 percent of Russia’s oil, sent the call for help this month and it may be discussed in September, the government official said by phone, asking not to be identified because the matter is confidential. Rosneft is due to repay $12 billion by the end of the year, including loans to finance last year’s acquisition of competitor TNK-BP, according to the company’s website.
The request shows Russia’s largest companies are exploring ways to replace foreign finance after the U.S. banned American banks from lending to certain borrowers, including Rosneft, for maturities greater than 90 days. The measure, in response to the crisis in Ukraine, caused a wider credit freeze and no Russian companies received loans in U.S. dollars, Swiss francs or euros last month, according to data compiled by Bloomberg.
Rosneft Chief Executive Officer Igor Sechin wrote to the government outlining five proposals to strengthen the company’s financial and operating position, Vedomosti newspaper reported earlier today, citing officials it didn’t identify. The most expensive option is to buy back as much as 1.5 trillion rubles of bonds to replace foreign debt, for instance, using money from the National Wellbeing Fund, the report said.
Proposal Unrealistic
The proposal to get that much cash is unrealistic, the government official said, because it would drain too much from state funds. Rosneft’s press service declined to comment.
“Rosneft will likely get nothing, it’s completely secured with Chinese money,” Andrey Polischuk, an energy analyst at ZAO Raiffeisenbank in Moscow, said by phone. “However, the request is understandable. The answer fits the question.”
The government asked Rosneft to propose measures to reduce risks from sanctions, Polischuk said. “So the company offered the blue-sky scenario -- it may pay all debts, won’t depend either on the U.S. or China, but it needs money in Russia then,” he said.
Rosneft sent an aid proposal to the government, it may be considered in the next two weeks, Deputy Prime Minister Arkady Dvorkovich told reporters today without elaborating, according to Interfax.
Ukraine Conflict
Rosneft was added to a list of entities under the U.S. sanctions on July 16, triggered by the conflict in Ukraine. The U.S. previously froze Sechin’s assets and issued a visa ban on him.
The shares of Rosneft, which have dropped 10 percent this year, advanced for a fourth day, gaining 0.1 percent to 226.30 rubles in Moscow trading.
Rosneft hasn’t changed investment plans because of the sanctions, Svyatoslav Slavinskiy, vice president for finance, said on a conference call last month.
The company has received about $26 billion of advance payments from its clients since 2013, mainly from China National Petroleum Corp.
It may get $63 billion in advances through 2018, according to Polischuk, while the National Wellbeing Fund has an $86.5 billion stockpile to finance Russia’s infrastructure.
“There’s a prevailing attitude toward the fund that treats it as an instrument for resolving current problems,” Konstantin Vyshkovsky, the Russian Finance Ministry’s debt chief, said last month in a Bloomberg interview.
http://www.bloomberg.com/news/2014-...ate-for-up-to-42-billion-after-sanctions.html
@Futuristic Eskimo @Domingo Halliburton
By Evgenia Pismennaya and Elena Mazneva Aug 14, 2014 11:52 AM ET
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Save
Photographer: Andrey Rudakov/Bloomberg
Rosneft Chief Executive Officer Igor Sechin wrote to the government outlining five... Read More
OAO Rosneft (ROSN) asked the state for as much as 1.5 trillion rubles ($42 billion) of aid, a government official said, signaling a U.S. ban on long-term loans to Russia’s largest company is starting to bite.
The state-run producer, which pumps 40 percent of Russia’s oil, sent the call for help this month and it may be discussed in September, the government official said by phone, asking not to be identified because the matter is confidential. Rosneft is due to repay $12 billion by the end of the year, including loans to finance last year’s acquisition of competitor TNK-BP, according to the company’s website.
The request shows Russia’s largest companies are exploring ways to replace foreign finance after the U.S. banned American banks from lending to certain borrowers, including Rosneft, for maturities greater than 90 days. The measure, in response to the crisis in Ukraine, caused a wider credit freeze and no Russian companies received loans in U.S. dollars, Swiss francs or euros last month, according to data compiled by Bloomberg.
Rosneft Chief Executive Officer Igor Sechin wrote to the government outlining five proposals to strengthen the company’s financial and operating position, Vedomosti newspaper reported earlier today, citing officials it didn’t identify. The most expensive option is to buy back as much as 1.5 trillion rubles of bonds to replace foreign debt, for instance, using money from the National Wellbeing Fund, the report said.
Proposal Unrealistic
The proposal to get that much cash is unrealistic, the government official said, because it would drain too much from state funds. Rosneft’s press service declined to comment.
“Rosneft will likely get nothing, it’s completely secured with Chinese money,” Andrey Polischuk, an energy analyst at ZAO Raiffeisenbank in Moscow, said by phone. “However, the request is understandable. The answer fits the question.”
The government asked Rosneft to propose measures to reduce risks from sanctions, Polischuk said. “So the company offered the blue-sky scenario -- it may pay all debts, won’t depend either on the U.S. or China, but it needs money in Russia then,” he said.
Rosneft sent an aid proposal to the government, it may be considered in the next two weeks, Deputy Prime Minister Arkady Dvorkovich told reporters today without elaborating, according to Interfax.
Ukraine Conflict
Rosneft was added to a list of entities under the U.S. sanctions on July 16, triggered by the conflict in Ukraine. The U.S. previously froze Sechin’s assets and issued a visa ban on him.
The shares of Rosneft, which have dropped 10 percent this year, advanced for a fourth day, gaining 0.1 percent to 226.30 rubles in Moscow trading.
Rosneft hasn’t changed investment plans because of the sanctions, Svyatoslav Slavinskiy, vice president for finance, said on a conference call last month.
The company has received about $26 billion of advance payments from its clients since 2013, mainly from China National Petroleum Corp.
It may get $63 billion in advances through 2018, according to Polischuk, while the National Wellbeing Fund has an $86.5 billion stockpile to finance Russia’s infrastructure.
“There’s a prevailing attitude toward the fund that treats it as an instrument for resolving current problems,” Konstantin Vyshkovsky, the Russian Finance Ministry’s debt chief, said last month in a Bloomberg interview.
http://www.bloomberg.com/news/2014-...ate-for-up-to-42-billion-after-sanctions.html
@Futuristic Eskimo @Domingo Halliburton
Futuristic Eskimo
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Theyre going to have a real hard time out here if the price of oil declines like a lot of analysts are expecting over the next few years.Rosneft Said to Ask State for Up to $42 Billion on Sanctions
By Evgenia Pismennaya and Elena Mazneva Aug 14, 2014 11:52 AM ET
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Photographer: Andrey Rudakov/Bloomberg
Rosneft Chief Executive Officer Igor Sechin wrote to the government outlining five... Read More
OAO Rosneft (ROSN) asked the state for as much as 1.5 trillion rubles ($42 billion) of aid, a government official said, signaling a U.S. ban on long-term loans to Russia’s largest company is starting to bite.
The state-run producer, which pumps 40 percent of Russia’s oil, sent the call for help this month and it may be discussed in September, the government official said by phone, asking not to be identified because the matter is confidential. Rosneft is due to repay $12 billion by the end of the year, including loans to finance last year’s acquisition of competitor TNK-BP, according to the company’s website.
The request shows Russia’s largest companies are exploring ways to replace foreign finance after the U.S. banned American banks from lending to certain borrowers, including Rosneft, for maturities greater than 90 days. The measure, in response to the crisis in Ukraine, caused a wider credit freeze and no Russian companies received loans in U.S. dollars, Swiss francs or euros last month, according to data compiled by Bloomberg.
Rosneft Chief Executive Officer Igor Sechin wrote to the government outlining five proposals to strengthen the company’s financial and operating position, Vedomosti newspaper reported earlier today, citing officials it didn’t identify. The most expensive option is to buy back as much as 1.5 trillion rubles of bonds to replace foreign debt, for instance, using money from the National Wellbeing Fund, the report said.
Proposal Unrealistic
The proposal to get that much cash is unrealistic, the government official said, because it would drain too much from state funds. Rosneft’s press service declined to comment.
“Rosneft will likely get nothing, it’s completely secured with Chinese money,” Andrey Polischuk, an energy analyst at ZAO Raiffeisenbank in Moscow, said by phone. “However, the request is understandable. The answer fits the question.”
The government asked Rosneft to propose measures to reduce risks from sanctions, Polischuk said. “So the company offered the blue-sky scenario -- it may pay all debts, won’t depend either on the U.S. or China, but it needs money in Russia then,” he said.
Rosneft sent an aid proposal to the government, it may be considered in the next two weeks, Deputy Prime Minister Arkady Dvorkovich told reporters today without elaborating, according to Interfax.
Ukraine Conflict
Rosneft was added to a list of entities under the U.S. sanctions on July 16, triggered by the conflict in Ukraine. The U.S. previously froze Sechin’s assets and issued a visa ban on him.
The shares of Rosneft, which have dropped 10 percent this year, advanced for a fourth day, gaining 0.1 percent to 226.30 rubles in Moscow trading.
Rosneft hasn’t changed investment plans because of the sanctions, Svyatoslav Slavinskiy, vice president for finance, said on a conference call last month.
The company has received about $26 billion of advance payments from its clients since 2013, mainly from China National Petroleum Corp.
It may get $63 billion in advances through 2018, according to Polischuk, while the National Wellbeing Fund has an $86.5 billion stockpile to finance Russia’s infrastructure.
“There’s a prevailing attitude toward the fund that treats it as an instrument for resolving current problems,” Konstantin Vyshkovsky, the Russian Finance Ministry’s debt chief, said last month in a Bloomberg interview.
http://www.bloomberg.com/news/2014-...ate-for-up-to-42-billion-after-sanctions.html
@Futuristic Eskimo @Domingo Halliburton