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Rosneft buys its shares on market taking advantage of price fall

CEO Igor Sechin declined to specify the number of shares Rosneft had bought

Rosneft logo

© ITAR-TASS/Marina Lystseva

TOKYO, March 19. /ITAR-TASS/. Russia’s oil giant Rosneft had bought its share on the market, Rosneft CEO Igor Sechin told reporters in Japan, noting that “businessmen should try to take certain advantage of every situation.”

“As a result of market volatility, linked with the situation in Ukraine, the price of Rosneft shares fell,” he said. “We bought these shares at once and hope that it’s a very good investment — we invite our Japanese partners to do the same.” Continuing the Ukrainian theme, Sechin stressed that his company “is looking at the situation rather calmly, as it cannot last long.”

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