First Russian State Assets Privatization Sale May Take Place in Summer

© Sputnik / Grigory Sysoev / Go to the mediabankThe sign of a Rosneft gas station in Moscow
The sign of a Rosneft gas station in Moscow - Sputnik International
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The first sale of shares in Russian state-run companies as part of the privatization program may occur in summer this year, while another two-three may take place in the fall, Russian Economy Minister Alexey Ulyukaev said Thursday.

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ST. PETERSBURG (Sputnik) — The Russian 2016 economic development plan specifies partial privatization of state assets to support budget revenue. Rosneft and Bashneft oil and gas companies, the ALROSA group of diamond mining companies, VTB bank, as well as the Sovcomflot maritime petroleum and liquefied gas shipping company, are among the companies to be partially privatized.

"We should be able to sell one asset in the summer window, and, possibly, two or three more — in the fall," Ulyukaev said in an interview with the RBC television.

The Russian government is expecting to receive some 800 billion rubles (about $10.3 bln) from the sale of state share in some large enterprises, the minister said earlier.

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