From Meduza (banned in Russia), October 22:
Rosneft officials are concerned that even a few more months of the war in Ukraine could cause lasting damage to the company’s business, Bloomberg reported, citing sources.
The company’s finances are deteriorating as profits fall and debt rises, Bloomberg’s sources said, despite expectations that the war in the Middle East would boost its earnings.
Rosneft has suffered significant damage from Ukrainian strikes on its oil refineries. The company operates 12 refineries that account for about a third of Russia’s total refining capacity. According to Bloomberg’s tally, five of the 15 confirmed drone strikes on Russian refineries in September alone targeted Rosneft facilities that supply fuel to European Russia.
The Ryazan refinery, which has repeatedly come under attack, is among the hardest hit....
....MUCH MORE
