Regulator to welcome foreign investors in Russian privatization
ST. PETERSBURG, Jun 15 (PRIME) -- The Federal Antimonopoly Service will welcome foreign companies’ participation in privatization of Russian state assets, Deputy Director Andrei Tsarikovsky told reporters Wednesday.
“On the whole, we will approve it (participation of foreign companies in Russian privatization), this is money and technologies. And decide whether this poses a threat to strategic interests is up to the government commission on foreign investments, which doesn’t always give its approval,” he said.
The privatization list for 2016 includes stakes in VTB Bank, oil companies Rosneft and Bashneft, uncut diamond monopoly ALROSA, and shipping company Sovcomflot. Asian and Arab investors have already expressed their interest in participation in privatization of these assets.
End