Russian President awarded Glasenberg Order of Friendship after $11bn Rosneft deal
Russian President Vladimir Putin awarded state honours to
executives at Glencore Plc, the Qatar Investment Authority, and Intesa Sanpaolo
SpA months after the $11 billion deal to buy a minority stake in state oil
company Rosneft PJSC.
In an online order published by the Russian government on
Monday, Putin gave Russia’s Order of Friendship to Glencore CEO Ivan
Glasenberg, Qatari royal Sheikh Abdullah Bin Mohammed Bin Saud Al Thani and
Intesa executives including CEO Carlo Messina for their “great contribution to
strengthening cooperation with Russia.” Antonio Fallico, chairman of Banca
Intesa Russia, was awarded the Order of Honour.
In December, Putin unveiled the deal for Glencore and the
Qatari fund to buy a 19.5 percent stake in Rosneft, Russia’s largest oil
producer, using loans from Intesa. Putin met Glasenberg, Al Thani and Messina
at the Kremlin in January, thanking them for their roles in the privatization
“I want to express my confidence that your business in
Russia will develop and will develop successfully,” Putin said.
Peter Grauer, the chairman of Bloomberg LP, is a senior
independent non-executive director at Glencore.