Rosneft's subsidiary Rosneft-Sakhalinmorneftegaz received $40m in the first tranche of the EBRD credit. The company's press service reported to RBC that the total sum of the credit is $90m. The major part of this credit will be spent for financing the following three programs: the development of the northern part of the Odoptu-More field ($36m), reconstruction of facilities that present danger to the ecology ($14m) and implementation the Program for ecological security ($11m). The EBRD is going to control expenditures to be made within this credit. In particular, Rosneft-Sakhalinmorneftegaz will present regular reports to the bank and the bank's representatives will pay visits to Sakhalin.
Forest fires in Siberia have been raging for three months already. They have become a disaster not only of Russian, but of global scale. The fires have already scorched 12 million hectares of land