russia's energy giant rosneft is negotiating with oil traders to raise money through future oil export sales the company needs cash to buy out the p.'s and t. and k. b.p. rosneft agreed to pay twenty eight billion dollars in cash and shares for the company making it the largest acquisition in russia's history raising cash through pre export deals is common practice worldwide rosneft is approaching some of the industry's biggest names including by tolling glencore the energy giant also plans to raise as much as ten billion dollars in one markets since it has plans to buy the other half of t.n.t. b.p. from the russian partners it will need a total of fifty five billion dollars to buy out russia's number three oil from early on monday business artie's spoke with ban arrows the editor in chief business new europe who said that this is really a very risky approach however the problem is there's just not enough money on the other side to rush medications this is a big hand to go nuts for forty billion dollars in such a social place of time means that the people who normally would borrow from

retailer and video fifty two percent finally on list we have the second heaviest stock on the market rosneft which was pretty flat all year as well prices but managed a huge gain right after the purchase of t.n. k b p one of the biggest m.n.a. deals in history which will make up the number one world producer in terms of reserves in the world after the deal is of course finalized in two thousand and thirteen but again more than thirty percent ok now two losers worst company of the year which is a second tier stock that's called mine are down forty percent as you can see there the company has been troubled times for quite a while which has led mining give rise to gradually boost its stake to eighty two percent in the company effectively taking over next up we have the electricity sector where all around it has seen a decline of around a quarter with not just interest to us that you're seeing on that monitor but also the federal grid company and the hydro are also falling by the same value and finally the gas sector was also dropping in connection with the declining demand in europe and the dev

is receiving shares and rosneft and i was part of that big deal we've been reporting massively on and the funny thing is that everybody knows that these russian billionaires shareholders in t. and t. b.p. they already hold everything offshore so basically that money is being paid by ross net which is a state company to an offshore lever putin was asked about whether that money is coming back into the country and this is actually what he said. you know if if we recognize the lawful and legitimate owners if they earn their money legally that is their business where they invest i would very much like them to invest the proceeds or a significant part of russia's economy and for that a lot of work must be done we are in contact right now with the major shareholders so we hope they will decide in favor of investing in russia. so he said basically we can't make them spend the money in russia but what they will decide in favor of investing in russia well they will try to make them. ok this is when i say yeah you have to thank you very much business artie's determined that ankle thank you note

right after the purchase of t m k v p one of the biggest emanate deals in history which will make rosneft the number one world producer in terms of reserves in the world that's of course after the deal is finalized in two thousand and thirteen ok now let's move to the biggest losers worst company of the year which is a second tier stock that is coal miner spots kyra the company has been in the troubled times for quite a while which has led mine a year for us to gradually boost its stake to eighty two percent in the company effectively taking over next up we have the electricity sector it's not just in toronto you yes but also other companies like the federal grid company or research hydro which also declined by around a quarter and finally we have the gas sector that has been dropping in connection with declining demand in europe and the development of shale technologies so we have gazprom and its rival noble tech they're both down around ten percent on the year gazprom remains one of the most under bought stocks with a price to earnings ratio of just three point five. wine prices will co

job of a ross nafta russia's largest state oil company now has in the vice president of personnel rosneft employees will want to be on their best behavior from now on because it's the former head of the federal prison service eureka lynn wall and now around the human resources department the oil giants of anyone steps out of lie he certainly has experience to do with trouble wake is a discipline is needed i'm sure he'll know exactly what to do. and that's all the business of course a day off to the right there british trade and investment minister lord stephen green tells us while the games by breaking down barriers between member states that in just a couple of minutes. which is slow often enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a horse breeder on the island of a horn at the heart of. his life on an isolated farm is about blue sky green grass and horses what sometimes it gets lonely here but horses have become part of me now i've fallen off so many times sometimes that bites as well it's part of my every day lif

but of course this is a very pressing issue because we have this very big deal on the table with rosneft buying out what exactly and it's going to be like basically the russian shareholders are going to get twenty eight billion dollars in cash and that's precisely the point that i'm going to make sure that stays in the country everybody knows that russian shareholders and some of the richest richest people actually in russia they actually hold this ownership these assets through offshore companies so basically how is that going to happen well for that. person himself what he thinks about think it was. if we recognize the lawful legitimate owners if they earn their money legally then it's their business where they invest i would very much like for them to invest the proceeds or a significant part in russia's economy or for that a lot of work must be done we are in contact right now with the main shareholders so we hope they will decide in favor of investing in russia. so they go so what russia needs to do is still a lot of work but hopes that this money will still be invested in the russi

other russian basically wants to work for the gas giant thirty three percent two thousand and nine rosneft in second place twenty nine percent people wanting to work there and the biggest state banks burbank is finishing this top three twenty five percent of russians are eager to get on the lead this payroll that's what we have said to me why that's the burning question why do people want to work for these states giant corporations well if i had to answer with just one why that would be obviously stability because this kind of reflect that russians want to feel secure with their jobs these three companies of course have a huge involvement of the state in the. they have big time with the government and therefore in case of reputation of a crisis they would probably not go belly up whereas if you work for private companies you never know what is going to happen but actually there is another opinion from ben arras who is the editor in chief of business new europe east as basically it reflects a transition period that russians labor market is in and actually his comparison is pretty radical as