Paintings by Chagall, Russian 16th century icons to be on display at art fair in BrusselsSociety & 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
Russia, US start restoring business ties — ombudsmanBusiness & Economy January 16, 21:21
Figure skating pairs competition excluded from schedule of 2017 Winter UniversiadeSport January 16, 20:34
DPR top diplomat blames Kiev for dodging discussion of Steinmeier formula implementationWorld January 16, 20:14
IMF maintains forecast for global economy growth in 2017 at 3.4%Business & Economy January 16, 19:45
Six more settlements join Syria ceasefire regime — Defense MinistryWorld January 16, 19:22
Foreign Ministry: Washington initiating new arms race in EuropeRussian Politics & Diplomacy January 16, 19:15
Diplomat says anti-terror efforts must not be hostage to political ambitionsRussian Politics & Diplomacy January 16, 19:08
MOSCOW, May 16. /TASS/. Sberbank may be privatized with controlling or blocking stake retained by the government, Russian Minister of Economic Development Alexey Ulyukayev said on Monday on the air with Rossiya 24 TV Channel.
"Holding a controlling stake [of Sberbank shares - TASS] and reducing the government’s stake to the blocking package is fairly possible and makes possible to eliminate existing risks," the minister said.
According to the official, Sberbank performs an important social function and therefore caution should be exercised when privatizing it.
"Sberbank is a special institute that shoulders a social burden in addition with the important economic one. Therefore maximal caution should be exercised in this regard," the Minister said responding to a question regarding its privatization.
The government does not plan Sberbank’s privatization in 2016, Deputy Prime Minister Arkady Dvorkovich said earlier. Chief Executive Officer of Sberbank Herman Gref also noted he believes privatization of the bank in 2016 is unfeasible in view of the challenging economic situation.