By Jonathan Davies

Rosneft, the Russian state-controlled energy firm, has requested a $42 billion (£25.2bn) loan from the Russian government as it feels the impact of economic sanctions imposed by the West.

Rosneft's boss, Igor Sechin, requested the loan from the National Wealth Fund which funds Russian state pensions. It will be considered within two weeks.

The sanctions imposed by the US and EU have restricted Rosneft's ability to raise funds. Particularly, the sanctions restrict the exports of technology to Russian energy firms.

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