Rosneft Borrows 35.4 Billion Rubles From VTB Group, Filings Show

OAO Rosneft (ROSN), Russia’s largest oil producer, obtained a loan for 35.4 billion rubles ($1.1 billion) for two and a half years from state-run VTB Group (VTBR), according to two regulatory filings today.

The borrowings are in tranches of 11.8 billion rubles and 23.6 billion rubles, the filings show.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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