Russian bombers destroy IS weapons and ammunition depots in Deir ez-ZorMilitary & Defense January 24, 16:22
Syrian opposition hopeful war in Syria will end due to Russia’s roleWorld January 24, 16:14
Aleppo's historical sights after Syrian civil warWorld January 24, 15:36
Russia, Iran, Turkey setting up ceasefire monitoring mechanism in SyriaWorld January 24, 15:30
US withdrawal from TPP will not change Russia’s agenda in Asian region — deputy ministerBusiness & Economy January 24, 15:12
Gazprom chairman says gas will follow oil in global energy balance by 2040Business & Economy January 24, 14:41
IAC says Boeing crashed outside Bishkek was in good technical conditionWorld January 24, 14:24
Syria ceasefire monitoring mechanism may be included in separate document — sourceWorld January 24, 14:11
Italian top diplomat urges EU and US to solve sanctions issue togetherWorld January 24, 14:06
MOSCOW, October 12. /TASS/. Bashneft possibly falling under the sanctions due to acquisition of the company by Rosneft, which is already under the Western sanctions, will not greatly damage the company, Economic Development Minister Alexey Ulyukayev told on the sidelines of the VTB Capital forum on Wednesday.
"Frankly, I do not see a great effect in terms of production, in terms of financial costs for the company. Possibly there are some technological details related to recoverable oil technology. From a financial point of view, I see no problems," he said.
It was reported earlier that Rosneft has signed agreement on purchasing Bashneft shares (50.08%), and has fully complied with its obligations under the contract, transferring 329.7 bln rubles ($5.2 bln) to the Federal Treasury.
Earlier Medvedev signed decree on selling a 50.08% stake in Bashneft. "I have signed today a decree on the sale of 50.08% of shares in oil company Bashneft to the public joint stock oil company Rosneft at the price of 329.7 bln rubles ($5.2 bln)," Medvedev said at a meeting.
Medvedev noted that the decree for selling Bashneft shares applies to the federal budget, noting that VTB Capital will act as an agent in the deal.
"The payment for the shares needs to be carried out in a timely manner - before October 14 of this year of based on the purchase/sale agreement," the prime minister said.
He also noted that the Federal Agency for State Property Management should make all the necessary decisions to include the revenues from this deal to the Russian federal budget.
Medvedev also said that a 19.5% stake in Rosneft could be sold this year. "I hope that all the necessary decisions will be made in regard to the placement of Rosneft shares and needed investors for selling 19.5% of the company’s shares this year will be found," Medvedev said.
The premier noted that the sale of 19.5% of Rosneft shares will be held for "execution of decisions on replenishing the Russian budget for this year."