Reuters learned about the threats of Rosneft with the Indian Essar

Rosneft threatened Essar to reduce the amount of the acquisition of 49% of the company if the Indian side will delay the issue of debts. Reuters writes about this with reference to several sources.

As the agency clarifies, six creditors of the Indian company, including the State Bank, should approve the sale of Essar. In total, they account for $ 500 million of the Essar debt.

One of the interlocutors Reuters called the relationship between Essar and Rosneft tense because of the debt situation.

The deal with Rosneft has been transferred several times already, reminds Reuters. On May 10, the vice-president of the Russian company Pavel Fedorov said that they intend to complete the purchase in June, was previously called March.

The Economic Times reported in March about the refusal of one of the large Essar creditors, Life Insurance Corp to approve the transaction with Rosneft, until the Indian company fulfills its debt obligations.

The representative of Essar told Reuters that the parties are working on obtaining permits without mentioning the creditors. Representatives of creditors did not respond to the official requests of the agency.

Rosneft, as one of the interlocutors of the agency said, hoped to close the deal with Essar in June at the St. Petersburg Economic Forum. But now, the source said, "these hopes are fading."

Rosneft announced the purchase of oil refineries, infrastructure and distribution assets of the Indian Essar Oil Limited in October 2016. The amount of the transaction will be almost $ 13 billion.