ROSNEFT USE EURO
REUTERS - Russia's Rosneft has set the euro as the default currency for all its new export contracts including for crude oil, oil products, petrochemicals and liquefied petroleum gas, tender documents showed.
The switch from U.S. dollars, which happened in September according to the tender documents published on Rosneft's website, is set to reduce the state-controlled firm's vulnerability to potential fresh U.S. sanctions.
Washington has threatened to impose sanctions on Rosneft over its operations in Venezuela, a move which Rosneft says would be illegal.
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