Total looks for billions in financing for Russian bet

• Total (NYSE:TOT) is seeking the equivalent of up to $15B in Chinese financing to fund its expansion in Russia, despite U.S. and European sanctions imposed on the country.
• The company expects Russia to be the most important region for its oil and gas output by 2020, when it hopes for production of around 400K bbl/day. Last year, Total as a whole produced 2.2M bbl/day.