Rosneft Statement About the Use of Bond Issues
Rosneft affirms that the bond issue by the Company is done with the sole scope of financing its project in the Russian Federation.
The Company generates enough cash flow in foreign currencies in order to meet its loan repayment obligations.
Until the need for repayment within the realization of its investment program during this year and the years to come the Company will hold all the ruble funds on ruble deposits of authorized banks: its usage for foreign currencies purchase is not applicable neither to loan agreements, nor to company plans. Therefore, not a single ruble, raised within the bond issue, will be used to buy foreign currencies.