Sechin: proceeds from Rosneft privatization transferred to budget

Sechin: proceeds from Rosneft privatization transferred to budget

Rosneft CEO Igor Sechin has reported to the Russian President Vladimir Putin that all the proceeds from the privatization of 19.5% of the shares of Russia's largest oil company Rosneft have been transferred to the Russian budget, Kremlin spokesman Dmitry Peskov said.

Rosneftegaz said earlier that it had received money from the sale of 19.5% of Rosneft shares and was preparing to transfer 710.8 billion rubles ($11.5 billion) to the federal budget with account for instructions to avoid volatility in the country's currency market, Sputnik reports.

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