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Rosneft Privatization Deadline at Dec.15 - Russian Presidential Aide

© Sputnik / Maksim Blinov / Go to the mediabankRosneft pavilion at the SPIEF Investment & Business Expo at the St. Petersburg International Economic Forum
Rosneft pavilion at the SPIEF Investment & Business Expo at the St. Petersburg International Economic Forum - Sputnik International
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The Russia's Rosneft oil company's sale needs to conclude by December 15, Aide to the Russian President Andrei Belousov said Tuesday.

MOSCOW (Sputnik) — The sale of a 19.5-percent government stake in Russia's Rosneft oil company needs to conclude by December 15 in the form of a sale to an investor or a buyback, Aide to the Russian President Andrei Belousov said Tuesday.

"We have a government directive to [complete the transaction] by December 15. This will either be an investor or buyback," Belousov told reporters.

He noted that the company had to gather a board of directors and the government had to issue directives ahead of the "very tight deadline."

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