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Russia considers speeding up privatization regardless of economic outlook — agency

November 05, 2015, 18:02 UTC+3 MOSCOW
Russia's Rosneft, RusHydro, Alrosa and Aeroflot may be sold
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© ITAR-TASS/Alexey Filippov

MOSCOW, November 5. / TASS /. Russia’s Federal Property Management Agency is ready to speed up the privatization of Rosneft, Aeroflot and RusHydro companies regardless of the economic outlook, Olga Dergunova, head of the agency said on Thursday.

"At the meeting, which was held by Shuvalov [Igor Shuvalov, First Deputy Prime Minister -TASS] it was recommended that we should provide an opportunity for speeding up sale of major assets regardless of prices on international markets. Earlier we presumed that we should not sell state assets for any price. The situation on the international markets is not improving, and, if the president supports such a decision, we can come up with the list of assets which are ready for privatization. These are public companies Rosneft, RusHydro, Alrosa and Aeroflot. In fact, all the assets that are listed on the stock exchange," Dergunova said.

Dergunova added that, under the forecast for 2016, the Federal Property Management Agency plans to privatize only one large state company - Sovcomflot shipping company. Revenues from the sale of this package could reach 12 billion rubles ($189 mln).

The Federal Property Management Agency expects revenues from mass privatization of smaller assets to amount to 5.4 billion rubles ($85.2 mln).

Secretariat of Russia’s First Deputy PM does not confirm recommendation to speed up privatization

A representative of the secretariat of Russia’s First Deputy Prime Minister Igor Shuvalov said he did not hear anything about the government orders or recommendation to speed up sale of major state-owned assets regardless of their price on the international market.

"We are not aware of any instructions and recommendations to accelerate the sales of major assets, regardless of market conditions, including conditions on international markets. The position on privatization has not changed," the representative of the Secretariat told TASS.

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