Russian ambassador urges NATO to abandon military domination policyRussian Politics & Diplomacy March 30, 21:05
Three Russian cities interested in hosting 2023 Basketball World ChampionshipSport March 30, 21:02
White House gives no specific dates for Russian-US summitWorld March 30, 20:23
United Arab Emirates shows interest in Russian helicoptersBusiness & Economy March 30, 20:19
NATO secretary general says ceasefire in Donbass works only on paperWorld March 30, 19:47
Putin not against Russian businessman Deripaska speaking to US Congress about ManafortRussian Politics & Diplomacy March 30, 18:55
Russian space rocket center receives first tested engines for Soyuz spacecraftScience & Space March 30, 18:42
Ukrainian president orders to implement ceasefire starting from April 1World March 30, 18:41
Google agrees with basic terms of amicable agreement with Russian anti-trust regulatorBusiness & Economy March 30, 18:18
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.