Russia sells $11b stake in Rosneft to Glencore, Qatar fund

Russia sells $11b stake in Rosneft to Glencore, Qatar fund

A logo of Russian state oil firm Rosneft is seen at its office in Moscow October 18, 2012. REUTERS/Maxim Shemetov/Files

Russia sold an 10.2-billion euro ($11 billion) stake in its largest oil producer to commodity trader Glencore Plc and Qatar’s sovereign wealth fund in a triumph for President Vladimir Putin, who announced the deal on state television personally.

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