Photos of the week: fire in a giant migrant camp, Trump's flag hug and a 'river of sheep'Society & Culture October 28, 18:49
Finance ministers of Russia and Ukraine can meet if Kiev's debt is recognized as sovereignBusiness & Economy October 28, 18:48
US-led coalition increases intensity of air strikes near Mosul — Russian General StaffWorld October 28, 18:02
Russian General Staff asks Putin for permission to continue strikes at militants in AleppoRussian Politics & Diplomacy October 28, 17:56
Russian tennis chief favors relocating ATP World Tour Finals to Moscow from LondonSport October 28, 17:51
DPR official says Kiev beefs up positions deploying rocket artillery to DonbassWorld October 28, 17:48
Israeli investors arrive in Crimea to assess venues for future investment projectsBusiness & Economy October 28, 17:26
Rosneft sells 11% in Vankorneft to India’s ONGC VideshBusiness & Economy October 28, 17:23
Rosneft files application for buyout of 100% in Bashneft — regulatorBusiness & Economy October 28, 17:20
DAVOS, January 20. /TASS/. Mass privatization of the assets the Russian government has in various companies should take place in eighteen months' time at the earliest when economic growth likely resumes in Russia, former Finance Minister Alexey Kudrin told TASS on Wednesday on the sidelines of the World Economic Forum in Davos.
President Vladimir Putin asked the government in December to consider privatization of a range of state-owned assets. He did not specify how soon these assets were to go public but officials familiar with the situation said the case in hand was the privatization of government stakes in the Rosneft oil corporation and the two largest retail banks, Sberbank and VTB.
"I think this would make sense when economic growth takes a clear outline," Kudrin said. "In the first place, this concerns oil companies. I think its somehow strange to sell off oil companies at a time when the prices of crude oil are at the lowest point on the background of a deep recession."
He proposed using the government's own funds or borrowed financial resources to cover the budget deficit during this period of time.
"I think the oil prices will climb, even though a little bit, within a couple of years and economic growth will begin and these assets will cost considerably more than they cost now," Kudrin said.