Rosneft Statement on Cooperation with Non-Government Pension Funds
OREANDA-NEWS. Rosneft did not apply with any initiative or requests for raising funds of the Pension Fund of the Russian Federation or non-government pension funds to finance the Company’s projects, particularly in its request with the National Wealth Fund.
Being invited by the Ministry of Economic Development of Russia, Rosneft participated in the meeting with the major Russian non-government pension funds. At the meeting, funds representatives suggested allocating pension funds given the Company’s stable investment rating.
In current conditions, the Company is forming its business plan without newly raised funds in the coming years. The Company’s financial situation is stable and balanced within its adjusted business plan, which was approved by the Board of Directors in April 2015.
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