The Presidential Daily Brief


  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

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