Kremlin Says VTB Financing Rosneft Deal Not On Its Agenda

Reuters

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.

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Logistics Analyst II (Road) - Direct Hire
Expertise: Logistics Management
Location: Houston, TX
 
Logistics Analyst I (Road) - Direct Hire
Expertise: Logistics Management
Location: Houston, TX
 
Associate Procurement Agent (Denver, CO)
Expertise: Logistics Management|Purchasing|Supply Chain Management
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $51.82/BBL 0.53%
Light Crude Oil : $49.62/BBL 0.12%
Natural Gas : $3.14/MMBtu 3.28%
Updated in last 24 hours