“Rosneft” has signed with Sberbank the credit agreement at 125 billion rubles

Moscow. July 11. INTERFAX.RU – “Rosneft” during a non-competitive procurement for the provision of financial services in granting of a loan has chosen Sberbank as the sole provider.

According to the materials procurement, the cost of the contract for a period of three years is 125 billion rubles.

Earlier, the government in response to the letter “Rosneft” has included a number of Russian subsidiaries of major international banks in the list of credit institutions that are permitted to work with strategic companies. These banks mainly belong to groups with high levels of reliability and have a long-standing partnership with Rosneft: to provide credit services, documentary operations and international settlements, noted in the letter. “Rosneft” feared that the cessation of work and closure of accounts in these banks will complicate the work of the company to ensure debt financing and international projects in terms of sanctions from the US and the EU. In addition, the company considered that this will reduce competition between banks for the maintenance of financial flows of the company, which could have an impact on the rising cost and decreasing quality of banking services.

The same issue in a separate appeal to the Ministry of Finance this year raised the Russian subsidiary Bank of Bank of China. The request to include him in the list of banks that can service accounts of strategic companies (to work with “Rosneft” and “Gazprom” ), accompanied by a commitment to increase capital to the required level.