Friday 9 November 2018

Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers balked | Reuters

Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers balked | Reuters:

It was billed as the deal that proved Russia remained open for business.

“I want to congratulate you”, Russian President Vladimir Putin told his trusted ally Igor Sechin, after greeting him with a warm handshake in the Kremlin in December, 2016.

Sechin had just announced the sale to Qatar’s sovereign wealth fund and giant commodity trader Glencore of a 19.5 percent stake in Rosneft, the state oil giant that he runs.

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