Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Rosneft Sale Nears

MOSCOW -- The Russian State Property Ministry plans to complete efforts to organize the sale of shares in the oil company Rosneft by the end of this year.

The ministry is currently bringing Rosneft charter capital and the par value of the shares into line, said Alexander Belousov, a deputy property minister.

He said Rosneft's charter capital was quoted in prices valid for 1995 when it was incorporated. The value of shares, however, corresponded to the 1992 level.