Moscow. In 2012 RussNeft plans to pay off around $600 million - $700 million in debt, Mikhail Gutseriev, the President and co-owner of the Company, said. Now RussNeft debt, he said, is around $5 billion. RussNeft and Bashneft consolidation is a matter of time, he said, we need to size up situation after the elections, and to explore market.
