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Russian government to sell more shares in leading companies
Last Updated(Beijing Time):2012-04-10 09:08

The Russian government was expected to approve a broad privatization plan within the next two months, First Deputy Prime Minister Igor Shuvalov said on Monday.

"We are going to draft a timetable (of the privatization) with (Prime Minister) Vladimir Putin during the coming six to eight weeks," Shuvalov said.

He noted that the privatization plan is broader than what President Dmitry Medvedev ordered in last June.

Among the enterprises the government plans to sell out, Shuvalov mentioned commercial shipping company Sovkomflot, Novorossiysk Sea Port, Sberbank and VTB Bank and Moscow's major airports of Sheremetyevo and Vnukovo.

"All these projects should be started in 2012," he said.

The Russian government approved in 2010 a three-year privatization plan aimed at raising some 1 trillion rubles (33.5 billion dollars) in budget income through cutting its stakes in lucrative assets.

By 2017, the government plans to sell completely or dramatically decrease its shares in "national flagships" like Rosneft oil company, Aeroflot airline and Russian Railways.

Source:Xinhua 
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