Please activate JavaScript in your browser to use all interface options.

« March, 2024
Mo Tu We Th Fr Sa Su
Main page News room Press releases
Press releases

Rosneft and VTB Bank sign strategic partnership agreement

21 June 2012

Rosneft and VTB Bank have today concluded a strategic partnership agreement. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board and VTB Bank Chairman and CEO Andrey Kostin at the St Petersburg International Economic Forum.

The agreement covers various types of services in corporate finance and investment banking as well as a five-year RUB 100 bln credit line to be extended to Rosneft to finance regional projects.

Commenting on the agreement Igor Sechin said: «Rosneft is the leader of the Russian oil and gas sector with operations across Russia’s largest oil-producing regions. We are happy to have secured support from such reliable partner as VTB Bank».

VTB Bank Chairman and CEO Andrey Kostin said during the ceremony: «VTB’s partnership with Rosneft is based on long-term and mutually beneficial cooperation. Financing the leader of Russia’s oil industry is a good example of the support that VTB provides to the real sector of the Russian economy».

Rosneft Information Division
Tel.: +7 (495) 411 54 20
Fax: +7 (495) 411 54 21
June 21, 2012

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.