16 December 2016 the head of “Rosneft” Igor Sechin and the state “Rosneftegaz” has reported about transfer in the Federal budget of means from privatization of 19.5% of Rosneft shares. About 711 billion (of which 692 billion for the package of “Rosneft”, the rest — additional dividends “Rosneftegaz”) were transferred to the Treasury account, confirmed on the same day, the Ministry of Finance and it was evident from the data on the official portal of “the Electronic budget”. However, on 19 December, the Italian Bank Intesa, called before the main creditor of a consortium of foreign buyers of a stake in Rosneft, unexpectedly announced that the money for the deal were not given. This raised the question, who and how financed the implementation of obligations to the budget before the closing of the transaction with the consortium, which was delayed until the beginning of January 2017.
found that intermediate credit for the purchase of 19.5% of Rosneft shares gave VTB Bank. 15 December 2016 VTB and a Singaporean company QHG Shares Pte. Ltd signed a loan agreement under which the state Bank issued Shares QHG 692,395 billion rubles on bail of a privatization package of Rosneft shares, the Shares QHG filed with Singapore regulators (have). The terms of the loan such as period and rate, the materials are not disclosed. Bridge loan to 692 billion rubles issued VTB, confirmed a source close to the buyers of Rosneft’s shares.
Singapore QHG Shares at the time of receipt of funding from VTB, the de facto belonged to Glencore: her stockholder was British QHG Investment LLP, established in early December, Glencore structures. At the end of December 2016 to Glencore as a partner QHG Investment joined the “daughter” of the sovereign Fund of Qatar — Qatar Holding. In January 2017, Rosneft revealed that Singapore Shares QHG became a shareholder of the oil company with shares of 19.5%.
Press-service VTB have refused comments. The representative of Glencore did not respond to a request .
“And, of course, need to future investors and purchasers looking for their own resources or loans, but not from state banks. The point of this is a little” — marked one of the key requirements for privatization, President Vladimir Putin in February 2016. VTB Bank, which itself is in the privatization plan for 2017, December 11 said that it plans to participate in privatization of “Rosneft”.
VTB was the lender of QHG Shares only week: 22 December, the Bank concluded with “Rosneftegaz” the assignment agreement by which the pledge (19.5% of Rosneft shares) and the loan was transferred to the “Rosneftegaz”. “On 22 December 2016 VTB Bank (OAO) lost to the mortgagee [Rosneftegaz] all of its rights and obligations under the loan agreement, the mortgagee has acquired all rights and obligations of the Bank VTB (JSC) under the credit agreement and replaced the VTB Bank as a lender under the credit agreement”, — stated in the agreement between VTB and QHG Shares, which read . Was returned to the Bank VTB 692 billion rubles, it is not yet clear.
3 Jan 2017 Italian Bank Intesa Sanpaolo provided the consortium with Glencore and Qatar a loan of €5.2 billion, the consortium members transferred 19.5% of Rosneft shares to secure the loan from Intesa, the documents of the Singapore and UK corporate registries, were studied .
Press Secretary of “Rosneft” Mikhail Leontyev said that he would provide a comment later. Press Secretary of the President Dmitry Peskov has not yet responded to the request .
with the participation of Alena Mahakavi