CORRECTED-UPDATE 1-Billionaire Russian gas trader says U.S. sanctions a badge of honour

Суббота, 12 апреля 2014 13:46 MSK

(Corrects reference to timing of Gunvor share sale)

* U.S. sanctions causing minor difficulties -Timchenko

* He says gas exports shifting to Asia, away from Europe

* In talks with China on dropping dollar transactions

* Western treatment of Russia is "short-sighted"

By Christian Lowe

MOSCOW, April 12 (Reuters) - Gennady Timchenko, the billionaire Russian gas trader hit with U.S. sanctions over his alleged ties with the Kremlin following Russia's annexation of Crimea, said being singled out by Washington was a badge of honour.

But Timchenko, who sold his stake in oil trading firm Gunvor last month, acknowledged that the sanctions were slightly inconveniencing his business interests because some European banks were reluctant to deal with him.

"The fact that I was included in the list (of people subject to U.S. sanctions) was a little surprising maybe, but it was quite an honour for me," he said in an interview with the state-run Rossiya television station to be broadcast later on Saturday.   Продолжение...