: :inin Kyiv (EET)

The Russians Have Persuaded The Chinese To Bail Out Their Oil Industry (AAPL)


Last month Russian Finance Minister Anton Siluanov announced that Rosneft, Russia’s largest oil company, had requested 2 trillion roubles (then $49 billion) from the state’s National Wealth Fund (NWF) to help it meet its funding requirements. The request was refused but it left questions over how the oil company planned to meet its $30 billion in debt repayments due over the next year after the oil price collapse of recent months. We now have the answer — a large part of it will be paid by China. As part of the deal struck between China and Russia at the Asia-Pacific …read more

Source: Business Insider

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