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Putin Sees Rosneft Sale as Soon as This Year to Ease Budget

  • Kremlin leaves door open for Rosneft in delayed Bashneft sale
  • Rosneft timing to depend on appropriate strategic investor
Bloomberg business news

Putin Pushes on With Rosneft Sale to Boost Budget Coffers

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Vladimir Putin said Russia is pushing ahead with plans to sell a fifth of Rosneft PJSC, the country’s largest listed oil producer, as the government seeks to cut its budget deficit.

The sale of the 19.5 percent stake could happen as early as this year if the company can find “appropriate strategic investors,’’ the Russian leader said in an interview with Bloomberg News in Vladivostok. The stake could be worth as much as $11 billion.