Russia’s Rosneft takes 85 bln rbl of loans from VTB

MOSCOW, Feb 15 (PRIME) -- Russian oil major Rosneft has taken four 5-year loans with the total cost for the company of up to 85.018 billion rubles from banking group VTB, according to documents seen by PRIME Monday

The price of the first agreement stands at 34.007 billion rubles, of the second–fourth ones at 17.003 billion rubles each.

The targets of the loans “are to be settled between the parties,” Rosneft said.

Rosneft has taken 85.4 billion rubles of loans earlier this year, and has to redeem 13.7 billion rubles of debts in 2016.

(79.4951 rubles – U.S. $1)

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