Attack aircraft exercise on mock-up ‘enemy’ targets results in smashing successMilitary & Defense June 26, 12:14
Russia and India may ink deal on frigate supplies by end of JulyMilitary & Defense June 26, 12:05
Ukraine’s ex-president ready to take part in court hearingsWorld June 26, 11:03
Telegram founder rejects watchdog’s demands as contrary to Russia's ConstitutionBusiness & Economy June 26, 10:37
Russian Culture Ministry urges Arctic tourism developmentSociety & Culture June 26, 8:27
Scientists call Arctic 'blank space' on world archaeology mapBusiness & Economy June 26, 8:13
Anton Siluanov: “...It's worth any price you pay”Business & Economy June 26, 8:00
Russia hopes Astana peace talks will produce memorandum on de-escalation zonesRussian Politics & Diplomacy June 25, 20:31
Russians’ real incomes up by 3% in May - Russian finance ministerBusiness & Economy June 25, 18:39
MOSCOW, November 20. /TASS/. Privatization of the Russian oil producer Bashneft is highly beneficial for the government, which earned maximal profit from that deal, Chief Executive Officer of VTB Bank Andrei Kostin said on Sunday on the air with Rossiya 24 TV Channel.
"As far as Bashneft deal is concerned, it was very successful for the government because the state received maximal benefit and maximal money for it," the banker said.
The government made a proper step by lifting all deal restrictions, which had a positive effect on the ultimate result, he added.
Rosneft acquired the government stake of 50.08% in the charter capital of Bashneft for nearly 330 bln rubles ($5.1 bln) in mid-October.