Privatization Plan Approved By Russian Government

The Russian government approved the privatization plan for the next five years and expects to gain from the sale of 900 enterprises' shares 1.8 trillion rubles.

According to the approved plan, Russia is ready in 2013 to sell another 25 percent stake in state bank VTB, to sell its share in the United Grain Company, to reduceits share to a control stake in Sovcomflot, by 2015 to sell 15 % stake in Rosneft's blocking stake in Agricultural Bank, to reduce the proportion of control in Rosagroleasing and Aeroflot, First Deputy Prime Minister Igor Shuvalov reported today.
Privatization of Transneft and Zarubezhneft will not take place yet, although previously it was planned.

The greatest interest of investors may rise privatization of state-owned banks and oil companies.
First - in late 2010 - early 2011 - a 10 percent stake in VTB could be sold, not excluding that the Government will reduce its share lower than the controlling one.

In the capital of the largest bank - Sberbank - the Government intends to reduce the share of the Central Bank of  Russia to the controlling one in the period from 2011 to 2013.

During 2012-2015 years the market will be offered a Rosneft's 15 percent  package.

RZD will be privatized after 2013.

Prior to 2015, planned to sell up to 25% of Rosselhozbank.
The Russian government is ready for privatization of Sheremetyevo airport, but the decision will be made in the context of the Moscow air hub.
Russian Government may sell 4.11% stake in FSK EES.

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."