VTB gave Qatar loan to buy shares of Rosneft − media

ВТБ выдал Катару кредит для покупки доли Роснефти − СМИ

The loan amount Qatari Fund amounted to six billion dollars. Bank loan denial.

VTB Bank has issued the Qatari sovereign Fund Qatar Investment Authority (QIA) credit for the purchase of shares in Rosneft.

About it Reuters reported on Friday, November 9, with reference to the nine familiar with transaction companions. The loan amount is around six billion dollars, say five sources of the Agency.

In turn, VTB Bank said that “were not issued and has no plans to issue a QIA loan to Finance the purchase.”

When it was published on the eve of the financial statements of VTB indicates that in the third quarter of 2018, the volume of loans to the ten largest borrowers of the Bank increased by 403 billion (USD six billion).

In reporting VTB for September presented on the website of the Russian Central Bank provided loans with a total amount of 434 billion (in equivalent of 6.7 billion dollars) which the Bank issued by an unnamed foreign borrowers for a period of up to three years, taking before that, the Russian Central Bank 350 billion rubles.

In December 2016, the head of Rosneft Igor Sechin reported to Russian President Vladimir Putin about the participants of the privatization of 19.5% stake in the company. The buyer was a consortium comprised of international trader Glencore and Qatar’s sovereign Fund. According to Sechin, the amount of the transaction amounted to 10.5 billion euros.

Source: Russian service of DW

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