The Western media called the sale of “Rosneft” “surprise” and “triumph”


Leading foreign media estimated the deal to sell 19.5% of Rosneft shares of the Swiss commodity trader Glencore and sovereign wealth Fund Qatar Investment Authority as a great success of Russian companies in the conditions of action of anti-Russian sanctions, as well as evidence of the growing influence of Glencore in the Russian market.

Conclusion the largest largest investment in the country the transaction marks a “triumph of Putin,” notes the Financial Times.

“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 the triumph of President Vladimir Putin,” writes the FT. The publication notes that the sanctions were seen as one of the tools of deterrence the participation of Western companies in buying shares of Russian oil companies, even if they are not directly prohibited.

“The sale of Rosneft shares will be a blessing for Mr. Putin, whose country is under sanctions from the US and the European Union for a military intervention in Ukraine”, — stated in the WSJ article. Experts interviewed by the publication, note that this step means “diversification” of the political and investment relations of Moscow.

The fact that Glencore and Qatar Investment Authority are the largest foreign investors bought a stake in Russian oil giant since the start of the Ukrainian crisis, says Bloomberg. “The deal was the largest foreign investment companies in Russia since the beginning of the crisis in Ukraine”, — writes Bloomberg.

The emergence of Glencore and Qatar Investment Authority are among the buyers of Rosneft’s shares came as a surprise to the market, says Forbes, because of the fact that previously, as applicants for a share of the company Sechin called the Chinese and Kazakh investors. The Swiss company and the Qatari sovereign Fund, according to the newspaper, appeared from nowhere, and the deal was Rosneft continuation of the exponential growth of the company caused by a “sudden and unusual acquisitions.”

The Wall Street Journal also notes that Russia considered as the major investors Chinese and Indian state energy company.

“Russia is mainly looking for funding in China, the Chinese and Indian state energy company was seen by analysts as the likely buyers of Rosneft’s shares,” writes the WSJ.

A number of publications, such as Bloomberg, WSJ and Financial Times noted that the deal signifies the growing influence on the Russian market for Glencore. “For Glencore, the deal is an opportunity to reassert itself as a dominant trader of Russian oil”, — said the Financial Times. Bloomberg adds that this deal particularly signifies the success of the chief Executive officer of Glencore Ivan Glasenberg, which “substantially increased” zone of interests Gencor in the development of new deposits of metals and oil, says Bloomberg.

“The acquisition [of Rosneft’s shares — .] marks a surprising change of direction of development for Glencore, which has spent the last few years, paring down the debt resulting from the acquisition of a mining company Xstrata in 2013,” writes The Telegraph.

The Guardian notes that it is not clear how much the financing will come from Glencore. “It is unclear what part the last transaction will be financed by Glencore, given the considerable debt burden, which at some point reached $ 30 billion and the background of persistently low commodity prices”, — the newspaper writes.

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