Russian Arctic National Park to set up reserve area on Novaya ZemlyaSociety & Culture August 21, 9:36
Iranian president calls defending nuclear deal top priorityWorld August 21, 8:20
US guided-missile destroyer collides with merchant vessel in SingaporeMilitary & Defense August 21, 8:02
Russian military aviation stamps out terrorists en-route to Syria’s Deir ez-ZorMilitary & Defense August 21, 6:47
Putin visits international jazz festival in Crimea’s KoktebelSociety & Culture August 21, 2:31
Putin says he cares little about his style but tries to look elegantSociety & Culture August 20, 23:41
Militants launch shell on exhibition complex near Damascus — mediaWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
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.