The arrest of Russian Economy Minister Alexei Ulyukayev, accused of receiving a $2 million bribe for supporting Rosneft's acquisition of a 50% stake in Bashneft earlier this year, came as a shock to the market. The corruption scandal, involving a key player in the privatization process, raised a whole string of questions that are yet to be answered.
Nadia Rodova, managing editor at S&P Global Platts bureau in Moscow, Rosemary Griffin and Nastassia Astrasheuskaya, Moscow-based editors for oil news, discuss what impact the development could have on the planned privatization of a 19.5% stake in Rosneft and on investors' sentiment more broadly.
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