MOSCOW: The fourth largest oil producer in Russia, Gazprom Neft, has asked $3.3 billion (198 billion rubles) financial aid from federal government.
Ever since Moscow was hit by sanctions over the Ukraine crisis, Russian companies have struggled to raise financing because Western markets are largely closed to them.
Rosneft, initially asked the government for more than 1 trillion rubles, but the figure was later revised down to 300 billion rubles.
The company had handed a letter to Deputy Prime Minister Arkady Dvorkovich listing projects for which it needs financing, but it has not yet filed an official request.
