Large-scale Privatization of State Owned Enterprises in Russia

Russian authorities may consider selling shares of state-owned Rosneft in 2011-2013,  Economic Development Minister Elvira Nabiullinasaid today.
"This is not in 2011, I'm talking about the program of 2011-2013" - Gref told journalists on Tuesday , quoted by Interfax.
The authorities are preparing a large-scale privatization evaluated of almost $ 30 billion and could reduce its stake in the largest state-owned enterprises, including Rosneft, in an attempt to patch up the budget deficit, sources in the Ministry of Finance said Reuters.

Vice-president of Rosneft, Peter O'Brien said earlier that the state should wait for the sale of shares before the introduction of the new tax system.

Nabiullina added today that in 2011 the company relating to the number of natural monopolies and defense industry will not be privatized.

"I'm not going to mention what exactly will be privatized in 2010. We intend to provide a sufficiently large bags and packages of large enterprises."