Russian Energy Firms Survive ' Whammy' of Cheap Oil, Sanctions
With oil staying below $40 a barrel, US oil companies are defaulting on loans and filing for bankruptcy. At the same time, Russian oil firms have managed to withstand double pressure
28 March, 2016
Unlike American firms, Russian oil companies are showing unprecedented endurance. They have managed to survive cheap oil and Western sanctions, Forbes analyst Kenneth Rapoza wrote.
At the same time, Fitch announced that the credit rating of Russian companies like Gazprom Neft and Novatek will remain unchanged in the next 6-12 months.