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Govt control of Rosneft to be lifted by 2016 - Medvedev

June 07, 2012, 17:02 UTC+3

The draft government resolution being discussed today included issues of privatization of such stock companies as Sberbank, the VTB

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MOSCOW, June 7 (Itar-Tass) —— The oil company Rosneft is to be withdrawn from under the control of the state by 2016, Prime Minister Dmitry Medvedev told the Cabinet on Thursday.

The head of government also said that the draft government resolution being discussed today included issues of full or partial privatization of such major joint stock companies as Sovcomflot, Sberbank, the VTB, United Grain Company, Rosagroleasing, ROSNANO, and the RZD.

“On the list there are also some major energy and oil producing companies and major production corporations, such as Rosneft,” Medvedev said.

The prime minister believes that “specific dates and parameters of selling stakes in companies will be determined under separate decisions.”

He recalled that the proposed amendments to the privatization plans concerned that part of the program which set the guidelines for privatization in the previewed period. The government’s presence in the competitive sector of the economy eased, conditions created for proper completion, for attracting investments and for a number of enterprises and industries.

“All of the decisions to be made must be balanced, strategically reasonable and adjusted for the current situation in the market of capitals and for likely risks. In any case, we should move forward in keeping with the declared pace and deadlines,” Medvedev said.

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