With the privatization of several state-owned assets looming, Russian President Vladimir Putin forbade the sale of the Bashneft Oil Company (which was de facto recently expropriated from Russian tycoon Vladimir Evtushenkov), to Rosneft. The Russian President’s explicit order was confirmed by official representative of the first deputy Prime Minister Arkady Dvorkovich, RBC reports.Earlier today, Russian media reported that Dvorkovich was infuriated by the fact that VTB Capital, which is in charge of Bashneft’s privatization, sent offers to several state-run companies, including Rosneft, Gazpromneft, Gazprom and the Russian Direct Investment Fund. Russian law forbids that companies in which the government has …read more
Source: The American Interest
