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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIf you lost 11Bil USD, you would be worried. So why are we not looking for the
19.5 percent stake in its giant oil company Rosneft.
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.
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.
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If you lost 11Bil USD, you would be worried. So why are we not looking for the (Original Post)
CK_John
Mar 2017
OP
BSdetect
(8,999 posts)1. Follow that money
HoneyBadger
(2,297 posts)2. You ever wonder why so many companies headquarter in the Caymans?
Wonder no more.
85% of the globe's hedge funds headquarter there. EIGHTY FIVE!!!! PERCENT. That is a lot of taxes that are not being collected.
I have no way to prove this, but I suspect that the vast majority of Congresscritters have been on Cayman "vacations". Ever been somewhere that the cab drivers wear Rolexes? Yep, that is the place.
jmg257
(11,996 posts)3. Who lost the $11billion?
MedusaX
(1,129 posts)4. Steve Schwarzman has the 19.5%...
If the 19.5% of Rosneft is in fact the proposed reward to be shared by the Trump Team, then it is important to note that the bank that has financed the sale, and holds the 19.5% as collateral, is Intesa SanPaolo which is partnered with Blackstone GSO Capital.
The founder/CEO of Blackstone is Steve Schwarzman - who is also the head of Trump's Strategic & Policy Advisory Board.
Schwarzman was one of the board members for RDIF when it was established in 2011, according to a press release at the time.
David Bonderman of TPG, and Leon Black of Apollo Global Management also served as board members for RDIF along with former Chicago Mayor Daly.
Russian Direct Investment Fund (RDIF)
Former President Dmitri A. Medvedev established the fund in 2011 with the explicit goal of restoring confidence in Russias investment climate. Vnesheconombank, a major Russian state-owned bank was the RDIF primary bank.
RFID CEO -- Mr. K. Dmitriev
Harvard-trained
former Goldman Sachs banker
And McKinsey & Company consultant
The QHG 19.5% = the mystery shares referenced in the Steele/Trump Dossier
Russia's VTB temporarily loaned QHG 10.2billion (euro) to purchase the 19.5% of Rosneft
One report claimed:
The loan was satisfied by a combination of payments:
300million euros from GlenCore And 2.5 billion from Qatar
5.2 billion from Intesa SanPaolo on behalf of QHG (loan)
2.2billion ???? Not clear
Another report claimed Intesa-SanPaolo had in fact mortgaged the entire 10.2b euros
QHG is made up of GlenCore & Qatar...
and
GlenCore = BP + Qatar
GlenCore Lists as a director
Peter Grauer (Bloomberg) also a director - Blackstone
QHG's loan from Intesa SanPaolo (Italian bank) who has partnership with GSO Capital division of Blackstone
Russian source says
QHG likely to default on loan
(Strange, Qatar has hundreds of billions... why finance? Why default? Perhaps just the mutually trusted neutral middleman?)
Meaning Intesa or whomever it assigns the loan to (GSO Capital/ Blackstone) will own that 19.5% upon default by QHG.... likely to occur immediately after sanctions are lifted.
Dakota pipeline partially financed by Intesa-GSO Blackstone
Resources
https://en.m.wikipedia.org/wiki/Kirill_Dmitriev
https://mobile.nytimes.com/2016/01/23/business/dealbook/russian-fund-under-scrutiny-for-loan-to-company-with-kremlin-ties.html
https://www.google.com/amp/www.timesunion.com/tuplus-business/amp/Trump-key-economic-adviser-has-stake-in-10817827.php
http://www.yesmagazine.org/people-power/how-to-contact-the-17-banks-funding-the-dakota-access-pipeline-20160929
http://www.commondreams.org/views/2016/10/12/financial-powers-behind-dakota-access-pipeline-must-be-confronted
https://www.google.com/amp/nypost.com/2015/06/09/david-bonderman-going-to-putins-international-economic-forum/amp/
http://www.wallstreetoasis.com/blog/demystifying-gso-capital-blackstone
https://greatest.info/in-the-privatization-of-rosneft-took-part-in-the-vtb/
https://www.google.com/amp/s/ninajobe.wordpress.com/2017/01/12/rosneft-mysteries/amp/
https://www.google.com/amp/s/amp.ft.com/content/c735dc00-dccf-11e6-86ac-f253db7791c6
https://www.caymancompass.com/2017/01/31/cayman-company-involved-in-11b-russian-oil-privatization/
http://mobile.reuters.com/article/idUSKBN1582OH