Deripaska Losing Control Of Russneft To Russian State

摘要

The fate of Russian oil producer Russneft is hanging in the balance after owner Oleg Deripaska failed to meet loan repayments to Sberbank, leaving the Russian state bank holding his shares in the company, industry sources tell Nefte Compass. "Sberbank now controls Russneft shares," one source close to matter said, adding that a possible outcome would be for ownership of the company to pass into the hands of state oil giant Rosneft. The source said Deripaska, one of Russia's leading entrepreneurs, had defaulted on his loans and owes Sberbank between $7 billion-$8 billion.