Rosneft Changes Forex Accounting to Avoid Weak Rouble Hitting Profits by REUTERS

By REUTERS

Russia’s top oil producer Rosneft said on Tuesday it has changed the way it accounts for foreign exchange fluctuations, a move that avoids the cost of billions of dollars of debt hitting profits and depleting dividend payments to state coffers.

Published: February 3, 2015 at 02:05AM

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