Tsarizm
Eastern Europe News

Russia To Buy Back Stake In Rosneft It Sold

Russia’s sale of one-fifth of its state-owned oil company to Qatar and commodities giant Glencore PLC last year had an unusual provision: Moscow and Doha agreed Russia would buy a stake back, people familiar with the matter said.

Russian President Vladimir Putin hailed the EUR10.2 billion ($11.5 billion) sale of the PAO Rosneft stake in December as a sign of investor confidence in his country. But the people with knowledge of the deal say it functioned as an emergency loan to help Moscow through a budget squeeze…

To Read More Visit MarketWAtch

Related articles

Hungary’s Orban Praises Italian Decision To Refuse Migrant Ship – “Finally!”

Tsarizm Staff

Corruption Problem In Ukraine Cuts Far Deeper Than Many Know

L Todd Wood

Ukraine Working On New ‘Standby’ Aid Deal With IMF, Poroshenko Says EU Incomplete Without Ukraine

Tsarizm Staff