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Budget needs no additional revenue from Rosneft stake privatization — Deputy PM

May 22, 2014, 15:37 UTC+3 ST. PETERSBURG
"We have no restrictions whatsoever, and if the government makes a decision on privatization, such privatization may take place," Igor Shuvalov stated
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Russian First Deputy Prime Minister Igor Shuvalov

Russian First Deputy Prime Minister Igor Shuvalov

© ITAR-TASS/Anton Novoderezhkin

ST. PETERSBURG, May 22. /ITAR-TASS/. The Russian budget at the moment does not need additional revenue that may be brought by privatization of the package of shares of the oil company Rosneft, Russian First Deputy Prime Minister Igor Shuvalov told reporters on Thursday.

“We have no restrictions whatsoever, and if the government makes a decision on privatization, such privatization may take place,” Shuvalov stressed. “Though, there is no need at all to enter the market and conduct negotiations with the potential buyers.”

The first deputy PM added that "the whole situation with the budget was considered yesterday, the situation is stable so far, and we need no additional revenue from such sale so far".

Surplus of Russia’s consolidated budget amounted to 528,377.761 million rubles ($15.405 billion) as compared to 290,876.789 million rubles ($8.480 billion) a year ago, Russia’s Treasury said in a report published on Thursday.

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