Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS


The USA Sanctions Against Rosneft May Influence The Plans For Its Privatization
July 20, 2014 08:36


(Source: http://www.newsinfo.ru)

The USA sanctions against “Rosneft” may influence the plans for its privatization.

This was reported by the Russian Minister of Economic Development Aleksei Ulyukayev in an interview with journalists, when participating in the meeting of G20 at the level of Trade Ministers held in Sydney.

“The USA sanctions imposed against “Rosneft” can certainly influence the process of its privatization” - Ulyukayev noted. “There are chances to privatize “Rosneft” as scheduled, but we cannot exclude the possibility of its delay. We fully understand that we are ready to carry out privatization in case the price is not worse than the primary offering price. The price was not worse just a while ago, but if something changes and we are not satisfied with the prices, we will not privatize the company.”

As it was previously reported by Itar-Tass, the privatization of 19.5% of “Rosneft” is scheduled for 2015. According to the Finance Minister of the RF Anton Siluanov, the sum from the privatization of “Rosneft” in the amount of 423 billion roubles is included into the budget. “Of course, we will sell it at the market value, which is a bit higher than it was assumed before”- the Minister noted. According to him, the proceeds from the sale of shares of “Rosneft” will go to “Rosneftegas”, and the proceeds from “Rosneftegas” will go to the budget and for other purposes, which will be coordinated by the Russian Federation government.

The issue of sanctions will be raised in the WTO

Ulyukayev also said that Russia intends to raise the issue of the USA sanctions imposed against it in the World Trade Organization. “We will certainly raise this issue (the USA sanctions) in the WTO, within the General Council in the framework of the WTO, and we’ll probably do it through the procedures of dispute resolution standards” - the Russian Minister said answering the question of the Itar-Tass reporters. “So far we refrained from such steps hoping that our partners will take a more balanced position. Unfortunately, our American colleagues did not express such intentions, and we had nothing else to do.”

Ulyukayev reported that he was not ready to discuss how serious the consequences of the USA  sanctions on the Russian economy could be. “It is necessary to carefully analyze it”- he explained. “Maybe the adverse effect will be not so big, but it is important that our American partners push the boundaries, and it cannot remain unnoticed. In these conditions it is important to generate a high-quality environment for investors, so that they could work for the Russian economy even in the sanctions regime.”




Author: Anna Dorozhkina

Tags: Rosneft Sanctions Russian oil   

Next Previous

You might also find interesting:

Roskomnadzor Banned IP Addresses of Microsoft Cloud Servers VTB Group's 9M Financials Cast Doubt On 2013 Total Target Russian Economic Activity Is Still Declining 2012 US Human Rights Report on Russia Common Russian Investments









Comment on our site


RSS   twitter      submit



TAGS:
Russian Museum  Russian Cinema  Bashkiria  Russian science  Football championship 2018  Russian culture  Tourist Center   non-governmental organization  Mercedes-Benz Fashion Week Russia  Mosque  Russian diamonds  Russian scientists  technology  Icons Exhibitions  Russian mobile operators  Telegram  Olympics 2012  Yaroslavl   Russian tourism  Vologda  Kirov  Russian academy of sciences  Russian business  international reserves  Russian musicians  Valery Gergiev  New Year  Serebryanyi Ruchei  Moscow cinemas  Russian IT companies  Kazan  Fyodor Konyukhov   St. Petersburg  Plane rash In Kazan  execution list  bus tickets Russia FIFA  Russian economy  Russian directors  Izhevsk  Moscow  Solvychegodsk  Siberian extreme  Cars  Primorye Region  Darwin Museum  Smoking in Russia  International House of Music  Yevgeny Gvozdev  Exhibitions in Moscow  camping 


Travel Blogs
Top Traveling Sites