This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-28801185

The article has changed 3 times. There is an RSS feed of changes available.

Version 0 Version 1
Rosneft requests $42bn loan from Russian government Rosneft requests $42bn loan from Russian government
(about 1 hour later)
Russia's state-controlled energy giant Rosneft has asked the Russian government for a $42bn (£25.2bn) loan, as it feels the impact of Western sanctions.Russia's state-controlled energy giant Rosneft has asked the Russian government for a $42bn (£25.2bn) loan, as it feels the impact of Western sanctions.
The government said it will consider the request from Igor Sechin, head of Rosneft, in the next two weeks.The government said it will consider the request from Igor Sechin, head of Rosneft, in the next two weeks.
Sanctions on Russia have limited Rosneft's ability to raise funds.Sanctions on Russia have limited Rosneft's ability to raise funds.
Rosneft has requested the money from the National Wealth Fund, which finances state pensions.Rosneft has requested the money from the National Wealth Fund, which finances state pensions.
The United States has imposed sanctions on Rosneft and Novatek Russia's second-largest gas producer last month. The US imposed sanctions on Rosneft and Novatek, Russia's second-largest gas producer, last month.
The US and EU have restricted sales of technology to the Russian oil industry.The US and EU have restricted sales of technology to the Russian oil industry.
Russia's exports are almost all raw materials and about 60% of these are energy products.Russia's exports are almost all raw materials and about 60% of these are energy products.
David Spencer-Percival, chief executive of international energy recruitment firm Spencer Ogden, said: "[This is] the clearest sign yet that the Western sanctions are biting hard.
"Given the West's reliance on the Russian energy industry, it is vital governments across Europe reassess their self-sufficiency. This is likely to prompt greater investment in renewable and alternative sources."