Gazpromneft admits that sanctions are having an impact on the finances of the company
Edited by Rhod Mackenzie / 2014-09-16 04:49:21
The sanctions have direct impact on the finances of Gazpromneft, the head of the company, V.Yakovlev said to Prime agency. He has asserted that the volume of financial proposals went down. It will definitely influence the cost of borrowings. But the refinancing of the current debt is also possible with the use of internal funds, top-manager said. He does not think that the company will have to terminate production because of the problems with financing. But Gazpromneft does not change tis production and investment plans for the current year because of sanctions, Yakovlev said. The investment programme and production plans for 2015 are under consideration, he said.
