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RUSSIA SIGNS DECREE TO SELL 19.5 PERCENT ROSNEFT STAKE


Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft (ROSN.MM) in time for the proceeds to be received by the end of the year. The decree, signed by First Deputy Prime Minister Igor Shuvalov, ordered the sale of stake by state energy firm Rosneftegaz to be finalised by Dec. 5, the document showed. Russia's budget, which is in danger of running up a bigger deficit this year than the 3.7 percent of gross domestic product envisaged, needs about 1 trillion rubles ($15.7 billion) in total from privatization deals in 2016.

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