Rosneft, the Russian state-owned oil and gas company which is set raise $20bn (€16.8bn) in the largest Russian initial public offering in London, is considering also listing in Tokyo. Analysts said it would be the first time a Russian company has listed in the Japanese capital.

Valery Nazarov, head of the Federal Property Management Agency, yesterday said the world's second largest oil company was considering a listing on the Tokyo Stock Exchange, in conjunction with London and Moscow listings, according to Russian newswire Interfax.