Putin seeks buyers for Rosneft shares: India and China in pole position

The Russian giant Rosnet oil could fall into Chinese or Indian hands. According to reports from Bloomberg, Vladimir Putin is thinking of selling the idea to consolidate public finances weighed down by oil prices to a minimum. In a context aggravated by European sanctions and counter-moves by the Federation, that have accelerated a crisis that would require budget cuts difficult to achieve, according to the rumor reported by Bloomberg, the Kremlin is seeking a buyer for the 19.5% Rosneft, and he would be just trying to place it in a joint venture between the Chinese and Indians. The revenues expected from the partial privatization of at least 700 billion ribli ($ 11 billion).

In this way Putin could counterbalance the presence of British BP, which in 2013 had bought 20% of the Russian oil giant. By China and India, interest has been expressed publicly because it would strengthen the link with the largest exporter of energy to the world, although no one has ever talked about concrete and concerted action by the two Asian powers. Moscow also arise the possibility of establishing a link with India stands as the largest consumer in the coming years.