The Ministry of Finance reported on the conversion of currency from the sale of shares of “Rosneft”


“Rosneftegaz” in coordination with the Ministry of Finance to convert currency received from the sale of 19.5% of Rosneft shares to a foreign consortium of Glencore and the Qatari sovereign Fund. “The conversion is carried out in this mode, the transaction did not affect the exchange ratio,” said Finance Minister Anton Siluanov on Friday, reports .

“Conversion is implemented,” the Minister said in response to clarifying questions of journalists.

“Us Central Bank, the task was to minimize the effects of attracting monetary resources into the country [from privatization of part of Rosneft’s] terms of market impact, with this task we were dealt,” Siluanov said, but refused to disclose the details of this scheme. The strengthening of the ruble, which was observed this month on the background of the sale of Rosneft shares, was not associated with the conversion of foreign currency gain — it is due to rising oil prices, the Minister said. “The impact of this transaction on the course one did not feel,” he said.

The Federal budget received from Rosneftegaz money in full amount, once confirmed Siluanov. Friday, 16 December, Rosneftegaz reported on the transfer to the budget 710,8 billion rubles according to the results of the privatization of 19.5% of Rosneft shares. Before that, according to the report of the holding company, foreign buyers — Glencore and the Qatari state Fund — transferred currency for a stake in Rosneft. The transaction value amounted to €10.2 billion, President Vladimir Putin December 7, was assigned to provide translation rubles from the transaction in the budget so that the impact on the currency market was not, and “Rosneftegaz” he said that he will do so in accordance with the schedule agreed with the Ministry of Finance.

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