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Russian budget may receive $4.7 bln privatization revenues annually in 2017-2019

December 06, 2016, 16:18 UTC+3

Government stakes in VTB Bank and Sovcomflot shipping company are planned to be privatized in 2017

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LONDON, December 6. /TASS/. The Russian budget may earn 300 bln rubles ($4.7 bln) annually from privatization, Deputy Finance Minister Alexei Moiseev said on Tuesday at the Moscow Exchange Forum in London.

"The privatization program for 2018-2019 will be revised and I expect we will have earnings about 300 bln rubles ($4.7 bln) in each of three budget years," the official said.

Government stakes in VTB Bank and Sovcomflot shipping company are planned to be privatized in 2017, Deputy Minister of Economic Development Evgeny Elin said earlier. Privatization plans for 2018-2019 still have to be discussed, Finance Minister Anton Siluanov said before.

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