The Presidential Daily Brief

Important

  1. Rosneft Seeks $42 Billion as Sanctions Bite

    Putin may want to rethink his sandbox strategy. Russian oil firm Rosneft has asked Moscow for $42 billion as international sanctions begin to sink in. The U.S. has banned long-term loans to Russian firms, leaving them scrambling to replace foreign finance. The state-run oil producer probably won’t get the money and is due for a $12 billion debt repayment later this year. But unless Putin learns to play nice, it’ll be the first of many such pleas to reach his desk.

    FT (sub), Bloomberg

This story is part of The Presidential Daily Brief

view full edition