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RUSSIA'S ECONOMY

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

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.

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"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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