Economy
The shock December 7 announcement that Rosneft was selling a 19.5% stake in itself to a joint consortium between Swiss commodity giant, Glencore, and the Qatari sovereign wealth fund, is undoubtedly the most significant development in Russian energy markets this year. It is a development of major geopolitical importance as well. When Rosneft CEO Igor Sechin himself stated, “the deal is not just a portfolio investment, but a strategic one” he was speaking not just for Rosneft, but for Russia. …read more
Source: Intersection