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Rosneft Accounting Change on Ruble Slump May Boost Dividend

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OAO Rosneft’s change in the way it accounts for foreign-currency risk may boost the dividend of Russia’s largest oil producer, in which BP Plc has a stake, analysts at UFS Finance Investment Co. and UralSib Financial Corp. said.

The move will allow Rosneft to increase net income by reducing foreign-exchange losses on dollar debt in the company’s ruble-based financial reports, Ilya Balakirev, chief analyst at Moscow-based UFS, told Bloomberg in an e-mail.