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Russia expects to receive funds from Rosneft privatization in 2016 — minister

November 22, 2016, 15:21 UTC+3 MOSCOW
Russia’s government plans to privatize Rosneft by December 5
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© Sergei Bobylev/TASS

MOSCOW, November 22. /TASS/. Russia’s Finance Ministry has no doubts that the funds from the sale of 19.5% of Rosneft shares will be received in 2016, Minister Anton Siluanov said Tuesday.

"Rosneft’s funds will get to the budget, no worries," he said, adding that the funds raised from the privatization will get to the budget this year.

Russia’s government plans to privatize Rosneft by December 5.

Before this date, Rosneftegaz which is the main shareholder of the oil company, is to sell 19.5% of Rosneft shares for not less than 710.847 bln rubles ($10.9 bln).

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