Russian government could provide 225 billion roubles to Rosseti By Reuters


© Reuters. FILE PHOTO: A participant stands next to the stand of Russian grid operator Rosseti at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 15, 2022. REUTERS/Maxim Shemetov

(Reuters) – Russia could provide up to 225 billion roubles ($3.6 billion) in state funds to power company Rosseti to cover a deficit in the firm’s investment programme, Russia’s deputy energy minister said on Monday.

The additional funds could come from the Russian government’s annual budget or as loans from the sovereign wealth fund.

($1 = 62.72 roubles)

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