Foreign ministry spokeswoman slams CNN after publication of all Trump's 'Russia remarks'Russian Politics & Diplomacy January 17, 9:46
Global elite gathering at Davos to discuss world economy challengesBusiness & Economy January 17, 9:29
Diplomat: Moscow knows very little about Trump's plans for Iran nuclear dealRussian Politics & Diplomacy January 17, 9:18
Diplomat states 'practically no grounds' for accusing Damascus of chemical attacksRussian Politics & Diplomacy January 17, 8:29
Russian diplomat says members of US Congress 'lost grip of reality'Russian Politics & Diplomacy January 17, 8:22
Topol-M missile fired from Plesetsk hits hypothetical target in KamchatkaMilitary & Defense January 17, 4:31
Trump has big respect for Russian people and culture, says advisorWorld January 17, 4:30
Paintings by Chagall, Russian 16th century icons to be on display at Brussels art fairSociety & Culture January 16, 21:50
Russia calls to probe into attack on Moscow Patriarchate’s church in Kiev — diplomatRussian Politics & Diplomacy January 16, 21:25
BEIJING, January 17. /TASS/. The Russian Ministry of Economic Development will prepare proposals on the privatization of Sberbank and VTB, Economic Development Minister Alexey Ulyukayev told journalists Sunday.
"Yea, we will make proposals," he said, answering the question of whether the Ministry will propose privatization.
At the same time, according to Ulyukayev, it is necessary to accept changes to the legislation in order to sell Sberbank.
Earlier Ulyukayev said that Russians began to consume less and save more money. Therefore, an advanced banking system is needed, which would be able to "recycle" that amount of savings. In order to do that it is necessary to increase the capitalization of banks, which is possible through the privatization of Sberbank and VTB.
According to Deputy Finance Minister Alexey Moiseev, these credit institutions should be also privatized to create a competitive environment. The Head of Sberbank German Gref said he had a positive attitude towards the idea of ··selling Sberbank shares, but so far the issue was not discussed with the government.
Earlier Ulyukayev said that anti-Russia sanctions are not the key obstacle for privatization of Russian lenders VTB and Sberbank.
"Of course, sanctions drag (privatization) but it’s technically possible even under sanctions regime to carry out privatization transactions," he said, adding that Russia has "hundred opportunities" for privatization and has domestic demand for those assets. "However, we should first take a conceptual decision, we have legislative limitations and other limitations, which should be worked out, while the execution of a deal is not a problem," Ulyukayev said.