North Korea test fires another missileWorld May 29, 1:29
Russia’s Zvyagintsev wins Jury Prize at 70th Cannes Film Festival with his LovelessSociety & Culture May 28, 21:32
Three Russian tourists hurt is road accident with tourist minibus in TurkeySociety & Culture May 28, 18:58
Some 40,000 cyclists taking part in Moscow cycle paradeSociety & Culture May 28, 18:33
Corporation Irkut: MS-21 first flight performed in routine modeBusiness & Economy May 28, 16:54
Ukrainian military launch more than 180 shells, mines on Donetsk within one dayWorld May 28, 16:36
Minister: Russia may supply 1,000 MC-21 planes to 2037Business & Economy May 28, 14:42
Lavrov: China, ASEAN interested in organization of Eurasian partnershipRussian Politics & Diplomacy May 28, 11:45
MC-21 airliner makes first test flight - sourceBusiness & Economy May 28, 11:00
SOCHI, February 28. /TASS/. The Russian government will continue privatization of stakes in state-owned companies, the relevant decisions will be taken depending on the market situation and won’t be linked with the anti-Russian sanctions, Prime Minister Dmitry Medvedev said in an interview with the Rossiya-1 TV channel.
"Privatization will take its course. It is not connected with the sanctions, it depends on market conditions: we will have to sell what is profitable to sell," Medvedev said.
The Prime Minister said that privatization as such is not the purpose for the government.
"Privatization is a tool, it is not some special goal that we pursue. It is a tool to replenish the budget, as it was done in the case of the sale of shares of Rosneft and Alrosa, or to find a more effective owner, when we believe that the participation of a private investor will bring the best results," the head of the government said.
On December 27, 2016, Finance Minister Anton Siluanov said that the government is considering additional assets to be privatized in 2017. The Finance Ministry is seeking to fast-track privatization but the government has not yet finalized the privatization plan and the total amount of revenues to be raised.
According to Siluanov, the plan is to privatize stakes in VTB and Sovcomflot in 2017 to raise 138 bln rubles ($2.3 bln). The Minister also denied plans to sell another 10% of Rosneft shares in 2017.