Rosneft's stake too large for public placement

ST PETERSBURG: The planned sale of a 19.5 percent Russian government stake in top national oil producer Rosneft might be too large for a public placement, Economy Minister Alexei Ulyukayev said on Friday.

"It will be very difficult, frankly speaking - impossible," Ulyukayev said on the sidelines of the St Petersburg International Economic Forum.

Last month, the Kremlin said Russia should look to attract two strategic investors to Rosneft.