Russia - 04

Russia: Rosneft Privatization Unlikely to Proceed in 2016

Speaking at his annual press conference on 17 December, President Vladimir Putin suggested that a 19.5% stake in Rosneft may be privatized in the near-term to support the state budget. Putin’s statement reflects increasingly active government lobbying in support of privatization as the cabinet struggles to patch the budget in the declining commodity price environment.

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