icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russian oil giants consider rouble switch

Published 13 Dec, 2007 10:36 | Updated 13 Dec, 2007 13:36

Lukoil and Rosneft say they'll consider selling their oil and gas in roubles instead of dollars, if the U.S. currency continues to depreciate.

According to executives at Russia two biggest oil companies, profits are at risk because revenues are priced in dollars and expenses are priced in roubles.

The rouble gained almost 15% against the dollar in the first nine months of the year.

Russia gas export monopoly Gazprom has already said its considering the a similar currency switch.

Please check our commenting policy. If you have questions or suggestions feel free to send them to feedback@rttv.ru.
Podcasts
0:00
41:12
0:00
27:23