Western media have called “a triumph for President Vladimir Putin,” the privatization of 19.5% of “Rosneft”. Economist Vladimir rojankovski on radio Sputnik expressed the opinion that the transaction is carried out brilliantly. And this is not the first success of Russia this year.
Foreign publications write that the deal on privatization of 19.5% of the Russian “Rosneft” was a surprise, including for markets and marked a “triumph for President Vladimir Putin,” during the anti-Russian sanctions.
“Glencore and sovereign wealth Fund of Qatar will become the owners of a 19.5% stake in Russian oil company “Rosneft” as a result of unexpected trades on 10.5 billion euros, which marked a triumph for President Vladimir Putin,” writes the Financial Times.
the newspaper notes that the deal is done, “despite the financial and technological sanctions against “Rosneft”, which was supposed to deter Western companies from participating in the transaction for the sale of shares in a Russian oil producer, even though they (sanctions) do not forbid it.”
As pointed out by the Guardian, the news of the deal was “a surprise for the markets”, as the company recently due to low commodity prices struggled with debt at one point reached $ 30 billion. The expectations of the markets are not even affected by the fact that the Executive Director of the Swiss company Glencore in December stated that active steps to reduce costs completed.
the Head of “Rosneft” Igor Sechin on Wednesday, December 7, reported on the completion of the transaction on privatization of 19.5% stake in Russia’s biggest oil company. Buyers and strategic investors, a consortium of Glencore and the Qatari sovereign Fund.
the Director of analytical Department of investment company “OK Broker”, economist Vladimir rojankovski on radio Sputnik noted that the Russian side had a most successful deal.
“This deal, of course, brilliant. And this year it already the second transaction, which makes foreign investors “to lose the lower jaw”. Just remember that without any help from the outside is our sovereign Eurobonds. It is definitely a positive, brilliant example of the placement without the assistance of foreign contractors. And this “tearing to shreds” the traditional scheme of preparation for the placement of the issue on the international plane. Previously, you had to look for either a British or American company or Bank who would be doing the procedure prior to the placement of a particular Issuer on the stock exchange”, – said Vladimir rozhankovsky on radio Sputnik.
He did not rule out that the success of Russia’s transactions will serve as an example for companies all over the world.
“We ourselves helped, we have organized the issue, we found investors, we are, and now there will be followers. Many companies in the world after our successful transactions think – is it worth it to pay tens of millions of dollars, if you can do it yourself. And investment banks, I will allow myself such an assumption, it’s not a very fun time – now they have to prove what the added value of their services, once considered indisputable and not subject to discussion”, – said the economist.
He noticed that this transaction was carried out in terms of anti-Russian sanctions. Vladimir rojankovski not rule out that further sanctions against Russia can be revised.
“Now they are in some confusion in France wins let not Pro-Russian but not anti-Russian candidate, in Italy a referendum was held. The position of the European solidarity and unification is undergoing a very serious test. And the issue is already all about saving the initial configuration. If it is in some form continues, then they will continue to think about sanctions, and about Syria, and the refugees. But I don’t think Europe is alone against the wind to go, showing something. It will act with an eye on US”, – concluded the economist.
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