Russia

Russian govt. expects privatization to yield $2.3 bln in 2010

21:59 06/10/2009

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Russia to go ahead with privatization in 2010 — deputy PM

NOVO-OGARYOVO (Moscow Region), October 6 (RIA Novosti) - The Russian government expects privatization of state property in 2010 to yield 70 billion rubles ($2.3 bln), 10 times more than previously expected, the economic development minister said on Tuesday.

Elvira Nabiullina said, however, that such prime state-controlled assets as Rosneft, Aeroflot, Russian Railways, Sberbank, VTB Bank, and Gazprom Neft would not be sold off next year.

"They are not in the privatization plan," the minister told reporters after a meeting on privatization chaired by Prime Minister Vladimir Putin.

She also said Sheremetyevo airport was not slated for privatization.

She said this year privatization should bring 12 billion rubles ($400 mln) to state coffers.

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Russian govt. expects privatization to yield $2.3 bln in 2010

21:59 06/10/2009 The Russian government expects privatization of state property in 2010 to yield 70 billion rubles ($2.3 bln), 10 times more than previously expected, the economic development minister said on Tuesday.>>

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