Latest news with #Rosneft
Mint
11 hours ago
- Business
- Mint
Russian energy, transport, finance companies among privatisation candidates, says finance ministry
ST PETERSBURG, Russia, - Russian state-owned companies from the energy, transport and finance sectors will be among the candidates for privatisation, Finance Minister Anton Siluanov said on Friday, as Moscow seeks to raise funds for the federal budget. Shunned by Western capital since launching the conflict in Ukraine, Moscow has been seeking ways to foster more domestic private investment, increase economic efficiency and, ultimately, bolster budget revenue as Russia spends heavily on the war. "It is such a delicate issue just now, but I can say that it is energy, transport and finance," Siluanov said at the St Petersburg International Economic Forum on Friday. "We are interested in attracting new money for the development of companies," Siluanov said. "There are currently difficulties with financing the investment programmes of large corporations." Officials have for months teased the market with hints about which companies could be candidates for privatisation, without giving concrete names. In 2010, the finance ministry, then led by reformist Alexei Kudrin, first launched a multi-year privatisation campaign to dispose of state assets, but the scheme ultimately stalled. The state sale of a stake in oil major Rosneft was the main deal from that time. Siluanov suggested resurrecting the dormant privatisation drive in late 2023, submitting a list of 30 company names to the government in a proposal that would see the state keep controlling stakes. In March, the ministry said the privatisation of stakes in seven large companies next year would raise up to 300 billion roubles for the budget. Several major Russian firms have complained of the prohibitive cost of borrowing, with interest rates at 20%. Preparing state-owned companies for initial public offerings would require serious preparation, Central Bank Governor Elvira Nabiullina said. Russia has also struggled to attract investment in the last few years, with Western companies withdrawing funds and investors from countries friendly to Moscow not yet picking up the slack. This article was generated from an automated news agency feed without modifications to text.
Reuters
12 hours ago
- Business
- Reuters
Russian energy, transport, finance companies among privatisation candidates, says finance ministry
ST PETERSBURG, Russia, June 20 (Reuters) - Russian state-owned companies from the energy, transport and finance sectors will be among the candidates for privatisation, Finance Minister Anton Siluanov said on Friday, as Moscow seeks to raise funds for the federal budget. Shunned by Western capital since launching the conflict in Ukraine, Moscow has been seeking ways to foster more domestic private investment, increase economic efficiency and, ultimately, bolster budget revenue as Russia spends heavily on the war. "It is such a delicate issue just now, but I can say that it is energy, transport and finance," Siluanov said at the St Petersburg International Economic Forum on Friday. "We are interested in attracting new money for the development of companies," Siluanov said. "There are currently difficulties with financing the investment programmes of large corporations." Officials have for months teased the market with hints about which companies could be candidates for privatisation, without giving concrete names. In 2010, the finance ministry, then led by reformist Alexei Kudrin, first launched a multi-year privatisation campaign to dispose of state assets, but the scheme ultimately stalled. The state sale of a stake in oil major Rosneft ( opens new tab was the main deal from that time. Siluanov suggested resurrecting the dormant privatisation drive in late 2023, submitting a list of 30 company names to the government in a proposal that would see the state keep controlling stakes. In March, the ministry said the privatisation of stakes in seven large companies next year would raise up to 300 billion roubles ($3.8 billion) for the budget. Several major Russian firms have complained of the prohibitive cost of borrowing, with interest rates at 20%. Preparing state-owned companies for initial public offerings (IPOs) would require serious preparation, Central Bank Governor Elvira Nabiullina said. Russia has also struggled to attract investment in the last few years, with Western companies withdrawing funds and investors from countries friendly to Moscow not yet picking up the slack. ($1 = 78.4000 roubles)
Reuters
06-06-2025
- Business
- Reuters
Russian Urals oil to India sells at narrowest discounts since 2022, traders say
MOSCOW/NEW DELHI, June 6 (Reuters) - Discounts for Russian flagship Urals crude oil for delivery to Indian ports in July hit their narrowest levels since 2022 as spot supplies have tightened, four traders involved in the market said on Friday. Narrowing discounts and tight spot supplies are nudging Indian refiners to scout for alternatives through buying tenders. Spot discounts for Urals crude narrowed to $2.25 per barrel on average for cargoes arriving in India in July, from $2.70 to $3.10 per barrel to dated Brent on delivery ex-ship (DES) basis in the previous month, the sources said. That is the narrowest discount for Urals oil cargoes sold to India since the Ukraine war broke out in 2022. India became the largest buyer of Russian seaborne crude after Moscow diverted its energy supply away from the European Union which imposed a ban. Some Indian refiners which do not have long-term supply agreements with Russian oil companies are not getting enough Urals oil in July, the sources said. India's largest private refiner, Reliance Industries ( opens new tab, locked in a term supply contract with Russian oil giant Rosneft ( opens new tab last year, which reduced the availability of Urals in the spot market, they said. Russian oil traders cited higher demand for the grade from refiners in Turkey, which has recently increased buying, boosting competition with Indian refiners over the supply. Turkey's largest oil refiner, Tupras, resumed buying Urals in April after stopping earlier this year, because of tougher U.S. sanctions on Moscow. Two of the traders also said improving refining margins globally also helped boost Russian oil demand as refiners are eager to increase crude runs. India remains the biggest buyer of Russian Urals oil by sea, with imports hitting a 10-month high in May.
Japan Times
26-05-2025
- Politics
- Japan Times
Calling Putin ‘crazy,' Trump says he's weighing Russia sanctions
U.S. President Donald Trump said he was "absolutely' considering new sanctions against Russia, after Moscow launched a second night of deadly missile and drone strikes across much of Ukraine. Trump's comments, made to reporters in New Jersey on Sunday before he boarded Air Force One, came as he grows visibly frustrated with Russian President Vladimir Putin and the state of talks meant to deliver a ceasefire in Ukraine. "I'm not happy with what Putin is doing,' Trump said. "He's killing a lot of people, and I don't know what the hell happened to Putin. I've known him a long time — always gotten along with him — but he's sending rockets into cities and killing people, and I don't like it at all.' Trump in a Truth Social post later on Sunday said that Putin "has gone absolutely CRAZY!' "I've always said that he wants ALL of Ukraine, not just a piece of it, and maybe that's proving to be right, but if he does, it will lead to the downfall of Russia!' Trump said after he returned to Washington. Trump had cooled to the idea of ratcheting up pressure on Putin with sanctions earlier this month. Possibilities may include new sanctions targeting Russia's oil trade or oil company Rosneft. U.S. President Donald Trump speaks to reporters before departing Morristown Airport in Morristown, New Jersey, en route to Joint Base Andrews in Maryland, on Sunday. | Kenny Holston / The New York Times Ukrainian authorities said at least 13 people were killed in Russian airstrikes overnight, prompting Ukrainian President Volodymyr Zelenskyy to renew his call for more sanctions. The attacks coincided with a third day of prisoner exchanges between Russia and Ukraine. Trump repeatedly questioned "what's wrong' with Putin as he addressed reporters at the airport. "We're in the middle of talking, and he's shooting rockets into Kyiv and other cities,' he said. "I don't like it at all.' Trump blamed Zelenskyy, along with Putin and former U.S. President Joe Biden, for the war. "President Zelenskyy is doing his Country no favors by talking the way he does,' he said in the Truth Social post. "Everything out of his mouth causes problems, I don't like it, and it better stop.' Ukrainian officials said Sunday that Russia had launched a record number of drones against the country, killing 13 people, even as Kyiv and Moscow completed their biggest prisoner exchange since the start of the war. Ukraine's emergency services described a night of "terror" amid a second straight night of massive Russian airstrikes, including on the capital Kyiv. The attacks came as the two countries completed their biggest prisoner swap since Moscow launched its full-scale invasion in February 2022, with 1,000 captured soldiers and civilian prisoners sent back by each side. Those killed in the latest Russian strikes included two children, aged 8 and 12, and a 17-year-old, killed in the northwestern region of Zhytomyr, officials said. Their school named the dead children as Roman, Tamara and Stanislav in a post on Facebook, saying: "Their memory will always be with us. We will never forgive." "Without truly strong pressure on the Russian leadership, this brutality cannot be stopped," Zelenskyy said on social media ahead of Trump's remarks. "The silence of America, the silence of others around the world only encourages Putin," he said, adding: "Sanctions will certainly help." The European Union's top diplomat, Kaja Kallas, called for "the strongest international pressure on Russia to stop this war." "Last night's attacks again show Russia bent on more suffering and the annihilation of Ukraine. Devastating to see children among innocent victims harmed and killed," she said on social media. German Foreign Minister Johann Wadephul also denounced the attacks. "Putin does not want peace, he wants to carry on the war and we shouldn't allow him to do this," he said. "For this reason we will approve further sanctions at a European level." A local resident stands in a damaged flat of a multistory residential building following a drone strike in Kyiv on Sunday. | AFP-JIJI The strikes came after Russia launched 14 ballistic missiles and 250 drones overnight Friday to Saturday, which wounded 15 people, according to Ukrainian officials. Ukraine's military said on Sunday it had shot down a total of 45 Russian missiles and 266 attack drones overnight. Air force spokesman Yuriy Ignat said 298 drones were launched, adding that this was "the highest number ever." Four people were also reported dead in Ukraine's western Khmelnytskyi region, and four in the Kyiv region. Two people died in the Mykolaiv region. On Sunday evening Vitaliy Kim, governor of the southern region, said the body of a second person had been recovered from the rubble. Emergency services said 16 people were injured in the Kyiv region, including three children, in the "massive night attack." "We saw the whole street was on fire," a 65-year-old retired woman, Tetiana Iankovska, said in Markhalivka village just southwest of Kyiv. Russia said its strikes were aimed at Ukraine's "military-industrial complex" and that it had brought down 110 Ukrainian drones. Flights at Moscow airports suffered temporary closures due to Ukrainian drone activity but no injuries were reported, officials said. Russia also said it had exchanged another 303 Ukrainian prisoners of war for the same number of Russian soldiers held by Kyiv — the last phase of a swap agreed during talks in Istanbul on May 16. Russia and Ukraine had over three days "carried out the exchange of 1,000 people for 1,000 people," the Defense Ministry said. Zelenskyy confirmed the swap was complete. Both sides received 390 people in the first stage on Friday and 307 on Saturday. Trump on Friday congratulated the two countries for the swap. "This could lead to something big," he wrote on social media. Trump's efforts to broker a ceasefire in Europe's biggest conflict since World War II have so far been unsuccessful, despite his pledge to rapidly end the fighting. A reporter saw some of the formerly captive Ukrainian soldiers arrive at a hospital in the northern Chernigiv region, emaciated but smiling and waving to crowds. "It's simply crazy. Crazy feelings," 31-year-old Konstantin Steblev, a soldier, said Friday as he stepped back onto Ukrainian soil after three years in captivity. One former captive, 58-year-old Viktor Syvak, said he was overcome by the emotional homecoming. Captured in the Ukrainian port city of Mariupol, he had been held for 37 months and 12 days. "It's impossible to describe. I can't put it into words. It's very joyful," he said of the release.
Mint
25-05-2025
- Politics
- Mint
Trump Says He's ‘Absolutely' Weighing Sanctions Against Russia
President Donald Trump said he was 'absolutely' considering new sanctions against Russia, after Moscow launched a second night of deadly missile and drone strikes across much of Ukraine. Trump's comments, made to reporters in New Jersey on Sunday before he boarded Air Force One, came as he grows visibly frustrated with Russian President Vladimir Putin and the state of talks meant to deliver a ceasefire in Ukraine. 'I'm not happy with what Putin is doing,' Trump said. 'He's killing a lot of people, and I don't know what the hell happened to Putin. I've known him a long time — always gotten along with him — but he's sending rockets into cities and killing people, and I don't like it at all.' Ukrainian authorities said at least 12 people were killed in Russian airstrikes overnight, prompting Ukrainian President Volodymyr Zelenskiy to renew his call for more sanctions. The attacks coincided with a third day of prisoner exchanges between Russia and Ukraine. Trump repeatedly questioned 'what's wrong' with Putin. 'We're in the middle of talking, and he's shooting rockets into Kyiv and other cities,' he said. 'I don't like it at all.' Trump's comments mark a shift in his approach to the two countries, where previously Zelenskiy bore the brunt of US pressure for an end to the war that began in February 2022 with Russia's invasion. Trump had been cool to the idea of ratcheting up pressure on Putin with sanctions earlier this month. Possibilities could include new sanctions targeting Russia's oil trade or oil company Rosneft. With assistance from María Paula Mijares Torres. This article was generated from an automated news agency feed without modifications to text.
