You are here

Putin seen weighing Rosneft stake sale to China, India

Officials in Moscow expect to raise at least 700 billion roubles from the Rosneft sale, which would set a privatisation record for Russia. Bringing two of Asia's three largest economies into Rosneft would help Mr Putin cover budget shortfalls while strengthening his geopolitical hand.


VLADIMIR Putin is considering selling part of Russia's corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years.

Russia is seeking buyers for 19.5 per cent of state oil...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to