Oil PSUs are said to be evaluating proposals for buying stakes in Russian state oil firm . Moscow plans to sell stakes totalling 19.5 percent in Rosneft, the world's top listed oil producer by volume, as part of a wider privatisation plan for 2016 to raise about 650 billion roubles ($10 billion). Russia has been hurt by Western sanctions over its actions in Ukraine, which effectively froze its companies' access to Western capital market, and a plunge in global oil prices. Union oil minister Dharmendra Pradhan said on Thursday that "Indian companies are looking into the offer." He met the Russian leadership last week at a conference in St. Petersburg. India has signed deals worth billions of dollars with Russia to buy stakes in assets in Siberia at a time Moscow is keen to develop and deepen its Soviet-era economic ties with New Delhi. The Kremlin also sees India as a counterbalance of sorts to China's growing dominance on the post-Soviet Union's territory. Pradhan said Indian firms' deals to buy about a 50 percent stake in the Vankor field and about 30 percent in Taas-Yuriakh field would cost about $5-6 billion. He added Indian companies are also looking at investing in the Yamal liquefied natural gas project in Siberia.