Finance ministry says Russia lacks market for large privatization - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Finance ministry says Russia lacks market for large privatization

ST.PETERSBURG, May 11 (PRIME) Ц Russia should form a market before large-scale privatization, Deputy Finance Minister Alexei Moiseyev said on Thursday at the St. Petersburg International Legal Forum.

"I think that large-scale privatization must take place, but we have to understand to whom we will sell,Ф he said.

УIf we sell now, it will be like the events of 1994, the loans-for-shares auctions, it was called like this, I think, nobody wants this."

He added that by market formation he meant the existence of active local retail investors.


11.05.2023 15:38
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 100.2787 +0.3446 18 apr
USD 94.3242 +0.2500 18 apr
Stock Market Indices
1D 1W 1M 1Y
micex 3454.07 -0.26 18:51 17 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 165.37 +0.60 19:00 17 apr
lkoh 7885.50 -0.15 19:00 17 apr
rosn 584.60 -0.76 19:00 17 apr
sber 306.43 -0.60 19:00 17 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 100.1125 +0.0525 14:59 17 apr
USDTD 94.1300 -0.1625 17:23 17 apr