Now it’s official: the much-hyped “privatization” of Russian state-owned oil giant Rosneft in 2016 was anything but. Citing nine sources familiar with the deal, Reuters reports that over half of the sale’s value, $6 billion, was financed by the state-owned Russian bank VTB.
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Karina Orlova: The privatization that wasn’t
A security guard walks by the entrance of Russia's state-controlled oil giant Rosneft headquarters in Moscow on Nov. 15, 2016.
