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2019-08-23 10:45:00

ROSNEFT SWITCH TO EURO

ROSNEFT SWITCH TO EURO

REUTERS - Russia's Rosneft, one of the world's top oil producers and exporters, has notified customers that future tender contracts for oil products will be denominated in euros not dollars, five trading sources told Reuters.

The move, which could come as soon as this year, is likely to be seen as an attempt to offset any potential negative impact of U.S. sanctions on Russia.

Rosneft, which accounts for over 40% of oil output in Russia, produced 45.8 million tonnes of oil products…

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Earlier:

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Tags: ROSNEFT, RUSSIA
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