Russia's Transneft and Sberbank Reach Settlement on Derivatives Dispute -Reuters

Russia's state-owned pipeline company Transneft has settled a dispute over financial derivatives with lender Sberbank, Reuters reports.

--A Transneft official said the dispute--over derivatives deals concluded in 2013 that resulted in a $1.2 billon loss for Transneft due to ruble depreciation--was settled on "mutually beneficial terms", according to Reuters.

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(END) Dow Jones Newswires

January 12, 2018 09:38 ET (14:38 GMT)