Glencore International AG


Qatar Fund QIA and Glencore divided their stake in Rosneft


The companies purchased 19.5% of the shares of the oil company for loans from Russian and European banks. The problem for them may be the fall in the value of the company Igor Sechin.

Igor Sechin's partner from China turned out to be a rogue bankrupt


At the end of the "multitrack" launched by the Kremlin in December 2016 to privatize the stake in Rosneft was the head of the Chinese CEFC corporation E Jianming. His company expectedly delayed the first tranche ($ 1.8 billion) of payment for a 14.16% stake in Rosneft, and the deal actually collapsed.

CEFC did not officially refuse to purchase toxic shares of Rosneft


It's just that the Chinese company has problems with the authorities of the China and Western banks, and therefore it cuts half of its staff.

Glencore will break off cooperation with Rusal


The Swiss trader will establish cooperation with the Russian aluminum company. Under threat will be up to a quarter of primary aluminum sales of "Rusal".

The broken plan of Igor Sechin


The attempt to "break through the sanctions blockade" and sell a large stake in Rosneft to respected Chinese investors has failed. CEFC Corporation postponed the deal for an indefinite period.

African safari of VTB


Why did the oligarch Alexander Mashkevich bring the state bank to the Congo?

The head of Intesa ruled out Russia's participation in the financing of the transaction on the privatization of Rosneft


The Government approved a loan of €5,2 billion by Intesa Sanpaolo for the consortium of Glencore and QIA.

Minority shareholders of Rusal threaten to block the additional issue


Oleg Deripaska's UC Rusal may face a conflict around shares: according to Bloomberg, the company intends to issue new shares and place 20% of shares on the stock exchange in London. But minority shareholders, including Viktor Vekselberg, Mikhail Prokhorov and Glencore, are threatening to block it.

Intesa will provide a loan of 5.2 billion euros for the purchase of 19.5% of shares of Rosneft


Thus, the bank has provided half of the funding for the transaction.

Sale of 19.5% of shares of Rosneft as a secret special operation


The purchase of 19.5% of shares of Rosneft by Glencore and Qatar Investment Authority still raises many questions among economists. It is being prepared in strange secrecy, they say. And last week, like a bolt from the blue, it was announced that the stock of the oil company had been already sold to Glencore and the QIA.