Russia’s Rosneft keeps Sechin on with a £3.1m a year packet

Caitlin Morrison
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Sechin has led the oil firm, which is currently under Western sanctions, for three years
RUSSIAN state-owned oil firm Rosneft has revealed that chief executive Igor Sechin earns at least around 240m roubles (£3.13m) a year.

The move comes just months after the county’s president Vladimir Putin encouraged greater transparency around wages.

While the company did not reveal Sechin’s total pay, it said that he earns at least 15-20m roubles a month.

The group, which is 20 per cent owned by BP, said top executives receive extra payments on top of the basic salary, including for working on the management board and dealing with information classified as state secret.

Rosneft also confirmed yesterday that it had extended Sechin’s contract for five more years. Sechin took up the role at the helm of the company in 2012 after a stint as Russia’s deputy prime minister. He remains a close ally of Putin.