Rosneft may sue over losses incurred from sanctions

02/08/2015

rosneft logo 2The Russian oil major Rosneft has not ruled out the possibility of suing over potential losses incurred from sanctions imposed by the US and EU over events in Ukraine and Crimea. “Rosneft will continue to use all the legal means necessary to protect the interests of its shareholders,” it said in a statement issues yesterday. The company has created a system of calculating losses from the use of illegal sanctions without reflecting them on the company balance sheet, it added, and the amount of losses will be submitted for reimbursement through the courts. 
The Rosneft statement comes a day after the US Treasury Department announced that its was extending its list of sanctioned companies to include several Rosneft (and VEB bank) subsidiaries. 

 
Source: ITAR-TASS