This sale is particularly interesting considering the offer that was made to Trump’s ally last July.
More than a month after Russia announced one of its biggest privatizations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records the full identities of those who bought it.
The stake was sold for 10.2 billion euros to a Singapore investment vehicle that Rosneft said was a 50/50 joint venture between Qatar and the Swiss oil trading firm Glencore.
Unveiling the deal at a televised meeting with Rosneft’s boss Igor Sechin on Dec. 7, President Vladimir Putin called it a sign of international faith in Russia, despite U.S. and EU financial sanctions on Russian firms including Rosneft.
Business Insider reported on an interesting offer made to Trump’s business associate and involved a gigantic conflict of interest for President Trump.
A dossier with unverified claims about President Donald Trump’s ties to Russia contained allegations that Igor Sechin, the CEO of Russia’s state oil company, offered former Trump ally Carter Page and his associates the brokerage of a 19% stake in the company in exchange for the lifting of US sanctions on Russia.
“Sechin’s associate said that the Rosneft president was so keen to lift personal and corporate western sanctions imposed on the company, that he offered Page and his associates the brokerage of up to a 19 per cent (privatised) stake in Rosneft,” the dossier said. “In return, Page had expressed interest and confirmed that were Trump elected US president, then sanctions on Russia would be lifted.”
The dossier says the offer was made in July, when Page was in Moscow giving a speech at the Higher Economic School. The claim was sourced to “a trusted compatriot and close associate” of Sechin, according to the dossier’s author, former British spy Christopher Steele.
What we see here is that in July, the dossier said a Trump associate was offered 19% of Rosneft if Trump became president and removed sanctions. Then a sale happens in early December of 19.5% of Rosneft using shell companies to hide the actual purchaser
Should we expect to see sanctions lifted on Russia soon?
(Article by Jeremiah Jones)