Rosneft 'gradually shifting' to settlements in rubles, national currencies of friendly countries in trade - company

MOSCOW. Sept 15 (Interfax) - Rosneft is "gradually shifting" to settlements in rubles and the national currencies of friendly countries in foreign trade, the Russian state oil company posted in a press release on its corporate website regarding the placement of its debut issue of yuan-denominated bonds this week.

"Pursuant to the instruction from the Russian president, Rosneft is gradually shifting to foreign trade settlements in Russian rubles and the national currencies of friendly countries, while optimizing its debt portfolio structure. The company's current debt burden is the lowest since the end of 2013. The net debt/EBITDA ratio has been gradually decreasing over the last seven quarters," according to the press release.