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    Rosneft

    Russian Government May Sell 19.5% of Rosneft Shares in 2016

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    The Russian government may sell the 19.5 percent of its shares in the country’s oil giant Rosneft in 2016.

    MOSCOW (Sputnik) – The Russian government may sell the 19.5 percent of its shares in the country’s oil giant Rosneft in 2016, Russian Economic Development Minister Alexei Ulyukayev said Tuesday.

    “It’s possible,” Ulyukayev said in response to a question of whether the country would sell its shares in Rosneft next year.

    He cautioned, however, that there were risks involved when selling large shares in regard to terms and value.

    “There are different risks. If we give conservative assessments to the subject for the purpose of budget policy, then these conservative assessments of the subjects should be taken wisely, and as far as privatization is concerned, then even more so because it is directly tied to the budget allowing it to finance the budget deficit,” Ulyukayev added.

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    shares, Rosneft, Alexei Ulyukayev, Russia
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