Kamaz to supply at least 1,000 trucks to Philippines by 2020Business & Economy May 29, 21:49
Moscow ready to offer clarifications over incident with Montenegrin MPRussian Politics & Diplomacy May 29, 21:09
Moscow mayor says Monday's hurricane in Moscow 'unprecedented'Society & Culture May 29, 20:56
Moldovan president slams government’s decision to expel Russian diplomatsWorld May 29, 20:52
Macron lashes out at Russian news agency Sputnik, RT channel over campaign coverageWorld May 29, 20:11
Macron says no international problem can be solved without RussiaWorld May 29, 19:51
Putin: Russian and French fundamental interests come firstRussian Politics & Diplomacy May 29, 19:34
Hollywood director highlights his esteem for Russia’s presidentSociety & Culture May 29, 19:18
Death toll following Moscow thunderstorms rises to 11World May 29, 19:02
BERLIN, February 20. /TASS/. The decision on the privatization of shares of Rosneft oil company has been taken, all the revenues from privatization will be transferred to Russia’s federal budget, Economic Development Minister Alexey Ulyukayev said on Friday.
"Formally, the sale of Rosneft will be done by Rosneftegaz so these revenues will be raised to the budget as dividends of Rosneftegaz, which means that these are direct budget revenues. It is just a formal procedure. I think the relevant decision is there," he said.
Earlier, Ulyukayev said that diamond mining company Alrosa, oil companies Bashneft and Rosneft might be privatized in the first place.
Rosneft CEO Igor Sechin said that it was necessary to wait until the price of oil at $100/barrel for the effective privatization of Rosneft. He also said that it is necessary to take into account other circumstances, such as the need to form additional revenues for the budget. Sechin estimated the fundamental value of the company at $100-130 billion.
In 2015, Russian Finance Minister Anton Siluanov reported that Russia could raise up to 550 billion rubles ($760 mln) from the privatization of 19.5% stake of Rosneft. He said that foreign companies, in particular Chinese companies, may take part in privatization.
Rosneftegas, which manages the assets of the Russian government in oil and gas industry, owns more than 69.5% of shares of Rosneft. British BP owns 19.75% of shares of Rosneft.