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State-controlled Rosneft announces it has repaid $7 billion of its bridge loan taken to acquire TNK-BP, marking the largest foreign debt repayment by a Russian company since Western sanctions were imposed. The payment settles part of a $12.7 billion bridge loan and contributes to Rosneft's efforts to repay its foreign debt, which amounted to $24 billion this year. The company had requested state aid in August to navigate the impact of sanctions.
Sunday, 21 December, 2014