The sale will be complicated by sanctions imposed on Moscow over its actions in Ukraine and by many investors' wariness of putting money into Russia as well as volatile commodity markets.
However, Russia is hoping to repeat the success of Rosneft's initial share offering a decade ago when it raised $11 billion in one of the world's biggest such sales, despite concerns that investors would be spooked by Rosneft's purchase of most of the assets of oil company Yukos, which was bankrupted by the Kremlin.
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