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Rosneft CEO Igor Sechin has used the Ukraine crisis to increase his stake in the company.
Amid a slide on the Moscow Stock Exchange prompted by international sanctions he acquired shares worth 1 billion roubles. He made the purchase on March 17, a trading day that saw a nine-month low for Rosneft.
Many analysts have hailed the move as a smart decision, given that the share prices are inevitable to go up after the fuss subsides.
Rosneft has become the world's leading publicly traded oil producer after it took over BP's Russian venture TNK-BP for $55 billion in March 2013. Rosneft has a vast and high-quality reserve base, with total proved hydrocarbon reserves of 22.8 billion barrels of oil equivalent.
Here’s the full list of changes in the number of shares in the Company charter capital owned by Sechin and the company’s top management:
• Igor Sechin, President, Chairman of the Management Board of Rosneft, increased his holding from 0.0849% to 0.1273%
• Eric Maurice Liron, Member of the Management Board, First Vice President of Rosneft, increased his holding from 0.0035% to 0.0051%
• Rashid Sharipov, Deputy Chairman of the Management Board, Vice President, Head of Rosneft President Office, increased his holding from 0.00004% to 0.000042%
• Larisa Kalanda, Member of the Management Board, State Secretary-Vice President of Rosneft, increased her holding from 0.0194% to 0.0205%
• Andrey Votinov, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0019% to 0.0023%
• Yuri Kalinin, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0015% to 0.0019%
• Didier Casimiro, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0031% to 0.0043%
• Igor Maydannik, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0035% to 0.0041%
• Igor Pavlov, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0025% to 0.0026%
• Zeljko Runje, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0023% to 0.0036%
• Svyatoslav Slavinskiy, Member of the Management Board, Vice President of Rosneft, increased his holding from 0.0031% to 0.0036%
• Peter Lazarev, Member of the Management Board, Financial director of Rosneft, increased his holding from 0.0038% to 0.0042%
• Andrey Shishkin, Vice President of Rosneft, increased his holding from 0.0028% to 0.0036%
• Igor Borbot, Director of Technology Localization Division of Rosneft, increased his holding from 0.0007% to 0.0012%
• Aleksandr Sokolov, Director of Finance Department, increased his holding from 0.0002% to 0.0003%
• Mikhail Leontyev, Press Secretary, Director of Information and Advertisement Department of Rosneft, in the rank of Vice President, acquired a 0.0004% stake.
Rosneft top managers acquired interests in the Company using their own funds as well as borrowings.