Speaking to Reuters, Khamitov said that he had asked the government in Moscow to consider postponing the deal as “the region’s interests were not being fully taken into account during the privatisation process”.

He said that out of 10 companies expressing their interested in Bashneft, only state-controlled Rosneft and privately held Lukoil had “consulted authorities in Bashkiria and presented proposals to maintain the current financial obligations of the oil producer” to the republic’s budget.

Bashkiria,