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Government mulls privatization of 20% stake in VTB -Gref

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FRANKFURT-AM-MAIN, November 30 (RIA Novosti) - The Russian government is considering selling a 20% stake in the state-owned foreign trade bank Vneshtorgbank (VTB), Economic Development and Trade Minister German Gref said Wednesday.

He said up to 50% of the VTB's stock could be sold in the future.

Gref said the privatization of the state owned foreign economic bank Vneshekonombank (VEB) had not yet been considered. "But we are discussing a system of support for Russian exports based on VEB," he said.

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