15:23 GMT +323 March 2017
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    Carter Page, an adviser to U.S. Republican presidential candidate Donald Trump, speaks at the graduation ceremony for the New Economic School in Moscow, Russia. (File)

    US, EU Companies Interested to Get Back to Russian Market - Trump's Ex-Adviser

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    Carter Page, a former adviser to US President-elect Donald Trump's presidential campaign, told Sputnik that US and European companies are interested to "get back" to the Russian market.

    "There is a high level of interest amongst US as well as European companies to get back to the Russian market. This interest cuts across a diverse array of sectors," Page told Sputnik.

    He also commented on the recent Rosneft privatization deal. Page believes that efforts to punish the Russian oil giant have backfired and primarily hurt Western companies.

    "The hostile efforts to punish Rosneft and their senior management team through Western sanctions have primarily hurt Western companies, rather than their intended target. This week’s innovative transaction underscores these constraints, as many other potential strategic investment partners were excluded," Page said.

    On Wednesday, Swiss commodities-trading firm Glencore announced a plan with Qatar’s Investment Authority to acquire a 19.5 percent stake in Rosneft.

    President Vladimir Putin described the $11 billion deal as the biggest in energy markets this year but stressed that the Russian government would retain its controlling stake in the company.

    On Thursday, White House spokesman Josh Earnest said that the US Department of the Treasury would investigate whether the sale of stock in Rosneft violated sanctions against Moscow.

    Related:

    Western Sanctions Against Rosneft Backfired - Trump’s Ex-Adviser to Sputnik
    US Probe Into Rosneft Shares Purchase 'Quite Normal' – Kremlin
    US Treasury to Probe Sanctions Implication of Stock Sale in Russia’s Rosneft
    Tags:
    anti-Russian sanctions, business, Rosneft, European Union, Carter Page, United States, Russia
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    • avatar
      jerstef
      No sh.t,Sherlock!!Vultures are always interested
    • avatar
      michael
      and now for another master of the 'bleeding obvious'.
    • avatar
      anne00marie
      If the sale of the privatised stock, was not made in $USD, how could it violate sanctions? The US decided to sanction, does that mean everybody and his dog has to jump? Or is it just if you trade in $USD?
    • avatar
      cast235
      One thing beyond me, is why allow investment from a country that sanction or is acting as Russian enemies.
      Russia MUST get sharper. Prohibit their investments. And in ROSTEC? That have military parts?
      Russia MUST be extremely careful. Next time Russia know it becomes just a BIG GAS land extension with all gone. Near like U.S.
      U.S is desperate because all industries went abroad.
      And maybe the way to get them back, will move their headquarters. there are many ways to do that. One is allowing all to run to the ground.
      I seen it at many countries.
    • avatar
      cast235
      Russia will develop more and more and more as time goes by. Many will just, move in. To enjoy the future. And with China with so much cash, it will become a TUG OF WAR. JAPAN is also interested in Russia, and will TUG because have stagnant economy.
      And once fuels get to 70.00 a barrel, Russia will ROLL in cash.
      Everyone will want IN.. To get a PAY DAY. Countries sanctioning should be prohibited, specially IF they prohibited any investment at their countries.
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