Kremlin Says VTB Financing Rosneft Deal Not On Its Agenda


MOSCOW, Jan 17 (Reuters) - Russian state bank VTB financing the privatisation of Rosneft last year is a commercial issue which is not on the Kremlin's agenda, Kremlin spokesman Dmitry Peskov told reporters on Tuesday.

Peskov added that VTB financing the deal should not be viewed as participation in the Rosneft privatisation.

Russian President Vladimir Putin last year publicly said that state banks should not help finance privatisation deals.

Vedomosti newspaper reported late on Monday that VTB had helped launch the privatisation of Rosneft by lending 692 billion roubles ($11.6 billion) on Dec. 15 to the joint venture between Glencore and Qatar that bought a 19.5 percent stake in Rosneft.

(Reporting by Polina Devitt; Writing by Katya Golubkova and Alexander Winning)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
Land Specialist - Delaware Basin
Expertise: Landman
Location: Midland, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours