Did NBC’s Richard Engel Tell the Truth?

Eric Zuesse

In the NBC-TV ‘news’-report by Richard Engle on December 13th, “Rex Tillerson Is ‘Gift For Putin,’ Former Top Russian Minister Says | NBC Nightly News”, he alleges about the oil-giant Rosneft (using sources that appear onscreen but are unknown to the U.S. public):

“The company is a cash cow, for Putin, and for his inner circle. … The dividends earned by Rosneft end up in only one place: ’the personal purse or wallet of the Russian President’.”

Is that a lie?

Rosneft posts online its “Shareholder structure”:

Shareholder structure

Rosneft’s Shareholders with Equity Stakes Exceeding 5%, as of December 1, 2016*

Number of Shares Equity Stake  %

JSC ROSNEFTEGAZ1 (shareholder) 7,365,816,383 69.50%

(JSC ROSNEFTEGAZ is in 100% federal ownership.)

BP Russian Investments Limited (shareholder) 2,092,900,097 19.75%

National Settlement Depository (nominal shareholder central depository) 1,098,332,116 10.36%

Other legal entities with stakes less than 5% 1,500,556 0.01%

Russian Federation (through the Federal Agency for State Property Management)                     1 less than 0.01%

Individuals      39,517,009 0.37%

Unknown 111,655 less than 0.01

Total 10,598,177,817 100.00%

Is that a lie?

What explains this gross contradiction?


Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

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  • madrino

    The Libyan liar, a CFR rat, is in the manufacturing business for death, destruction for profit as has been the MSM crony corporatist phonies for centuries. Is humanity loosing itself down the giant toilet drain as Carlin observed? Perhaps we freedom lovers do get a front row seat like he said.

  • Go watch Richard Engle on election eve when he came on with the other NBC kooks – he’s a lying, whiny little bitch.