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Kremlin: Federal budget receives all proceeds from privatization of 19.5% stake in Rosneft

December 16, 2016, 12:14 UTC+3
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TOKYO, December 16. /TASS/. Rosneft CEO Igor Sechin reported to Russian President Vladimir Putin that the federal received all proceeds from privatization of a 19.5% stake in Rosneft, according to Presidential spokesman Dmitry Peskov.

"Sechin told Putin that all funds from Rosneftegas were transferred to the budget," Peskov said.

Both Putin and Sechin are currently in Tokyo.

Rosneft reported earlier that Rosneftegas and a consortium consisting of the sovereign fund Qatar Investment Authority and leading commodity producer and trader Glencore signed an agreement for the sale of 19.5% of Rosneft shares, the Russian budget will receive710.8 bln rubles ($31.98 bln) from the privatization deal.

Qatar Investment Authority and Glencore will invest 2.8 bln euro in the purchase of Rosneft shares, Rosneft said.

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