Min says no money to eliminate cross-subsidization in power - 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

Min says no money to eliminate cross-subsidization in power

ST. PETERSBURG, Jul 18 (PRIME) -- The Russian government does not currently have enough funds to liquidate cross-subsidization in the power sector, Economic Development Minister Maxim Oreshkin told reporters on Thursday.

УThere is a problem connected with cross-subsidization, it must somehow be solved. This is (elimination of cross-subsidization) what we should strive for, and then we must look for sources to do it. There are no sources (now),Ф Oreshkin said.

The Economic Development Ministry earlier suggested replacing cross-subsidization in the power sector, where consumers in one region pay more for power so that prices in other regions are lower, with subsidies from the federal budget in 2020Ц2021 and estimated budget spending on it at 402 billion rubles annually. On Thursday, the relevant draft presidential decree was deleted from the legal information portal.

(62.9451 rubles Ц U.S. $1)


18.07.2019 18:17
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 80.5581 +1.3374 07 jul
USD 71.3409 +0.8410 07 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1247.14 +0.97 18:50 06 jul
micex 2835.18 +1.20 18:50 06 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 199.33 +1.08 19:11 06 jul
lkoh 5462.00 +0.84 19:11 06 jul
rosn 368.10 +0.75 19:11 06 jul
sber 214.19 +1.54 19:11 06 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 81.5075 +1.4250 14:59 06 jul
USDTD 71.6100 +0.1650 17:44 06 jul