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RussNeft reduces its debt

04.04.2013 Vedomosti

Moscow. RussNeft has reduced its debt by more than 20% for the last three years: from $6.1 bln in 2010 to $4.8 bln in the end of 2012.

This was communicated to Kommersant in an interview by Vladimir Evtushenkov, AFK Sistema (owner of 49% of RussNeft) Board of Directors Chairman.
“Though this number is still big enough, we study a possibility of such merger (of RussNeft and Bashneft). Even if it takes place, it won’t be in the near future”, he said.

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