Press review: Moscow’s response may ricochet and Russian embassy in Kiev braces for unrestPress Review August 24, 13:00
Russia rolls out innovative micro-robot capable of working under Arctic iceBusiness & Economy August 24, 12:43
Russia launches work to develop sixth-generation fighter jetMilitary & Defense August 24, 12:29
Eurasia high speed railway from Germany to China can be built by 2026Business & Economy August 24, 12:08
Moscow says US-South Korea military drills discourage de-escalation on Korean peninsulaRussian Politics & Diplomacy August 24, 12:01
Russia, Iraq sign major contract for supply of armored vehiclesMilitary & Defense August 24, 11:52
Egypt intends to buy 50 Tigr armored vehicles from RussiaMilitary & Defense August 24, 11:30
Washington's new Afghanistan strategy aims for military solution — Russian diplomatRussian Politics & Diplomacy August 24, 11:27
Russia urges Qatar, Arab states to abandon ‘confrontational rhetoric’Russian Politics & Diplomacy August 24, 11:23
MOSCOW, August 17. /TASS/. Authorities of Bashkiria do not intend to sell the stake held in Russian oil producer Bashneft because it provides the region "with stability and confidence in the future," Governor of Bashkiria Rustem Khamitov said on Wednesday on the air with Rossiya 24 TV Channel.
"We do not currently consider such an option of our action," Khamitov said responding to the question whether authorities of Bashkiria plan to sell their shares in Bashneft.
"Presence of this stake means stability and confidence in the future. Moral costs of sale will be too high," Khamitov said.
Khamitov approached the Kremlin earlier with the request to postpone privatization of the company so that Bashneft continues meeting social commitments to the region.
Bashneft oil company operates in more than 20 regions of Russia and abroad. The Federal Property Management Agency owns 50 plus 1 share in the company’s share capital; the republic of Bashkortostan holds 25% plus one share. Bashneft’s shares are traded on the Moscow Exchange.