Sanctions threaten Rosneft's oil loans

摘要

US sanctions against rosneft CEO Igor Sechin are threatening the Russian oil giant's plans to raise around US$4bn of oil prepayment loans. Rosneft and BP, via a specially created company, are trying to complete a US$1.5bn-$2bn financing to fund the UK company's purchase of crude oil from Rosneft and a similar US$1.5bn-$2bn deal with Swiss energy trader Vitol. The debt is backed by Rosneft's future oil production.