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No privatization of Russian Railways this year — minister

May 24, 20:43 UTC+3
Russian Railways will not be privatized this year, Minister of Economic Development says
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BRATISLAVA, May 24. /TASS/. Russian Railways will not be privatized this year, Minister of Economic Development Alexey Ulyukayev said on Tuesday.

"No [decision on Russian Railways privatization - TASS]. Definitely not in this year," the Minister said.

Russia’s Transport Minister Maxim Sokolov also said earlier privatization of Russian Railways will not take place in 2016.

It’s feasible to sell not more than 5% of shares if the decision to privatize is made, President of the Russian Railways Oleg Belozerov said earlier.

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