December 28, 2017 / 4:01 PM / a year ago

Russia's Transneft reaches out of court deal with Sberbank

FILE PHOTO: A general view of oil tanks in the Transneft – Kozmino Port near the far eastern town of Nakhodka, Russia November 15, 2017. REUTERS/Yuri Maltsev

MOSCOW (Reuters) - Russian oil pipeline monopoly Transneft (TRNF_p.MM) has reached an out of court deal with Sberbank over a dispute relating to financial derivatives, Transneft said on Thursday.

The dispute was over deals on derivatives concluded in 2013 that resulted in losses for Transneft due to a sharp depreciation in the ruble.

Transneft did not give details of the agreement.

Reporting by Vladimir Soldatkin; Editing by Mark Potter

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