Rosneft Oil Company is astonished by the publication in the Kommersant Newspaper that refers to participation of the company in preparation of some "proposals" related to counter sanctions.

Rosneft management is not involved in the production of politicy decisions. It is aimed at improving the efficiency of the Company’s operational performance and increasing shareholder’s value for the benefit of the company’s stockholders, among which significant foreign investors are present. Publication of such "proposals" inflicts damage not only to the Company and its shareholders, but to the entire economy of Russia.

Rosneft views this publication as an attempt to instigate a new round of Western sanctions against the Russian business. Quite the opposite, the Company never held back its position: it was always urging not to relay political sanctions to the corporate level. Rosneft states that the information about some alleged initiatives of the Company to come up with counter sanctions published by Kommersant does not correspond with reality.

Rosneft is taking all necessary actions to protect its business reputation and the interests of its shareholders, including legal recourse.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
October 29, 2014