Russian economy ministry to submit rescue plan to govt on Friday
SKOLKOVO, Moscow Region, Jan 29 (PRIME) -- Russia’s Economic Development Ministry will submit an adjusted rescue plan to the government on Friday, Deputy Minister Oleg Fomichyov told reporters on Friday.
“We will submit it to the government this evening, this adjusted plan will be considered by the government, and next week we will readjust it taking into account the position of deputy prime ministers,” he said.
The current adjustments are insignificant, the deputy minister said.
The updated rescue plan may envisage higher state companies’ dividends, he said.
At present, the volume of the crisis bailout plan exceeds the amount of anti-crisis financing envisaged in the federal budget.
LARGE-SCALE PRIVATIZATION
The adjusted plan also foresees a large-scale privatization, Fomichyov said.
Earlier Economic Development Minister Alexei Ulyukayev has suggested selling major banks – Sberbank and VTB that will improve capitalization of the banking sector.
Deputy Finance Minister Alexei Moiseyev said that authorities still consider privatization of Russian oil major Rosneft in 2016.
Finance Minister Anton Siluanov said that the ministry expects to raise 1 trillion rubles from privatization in 2016–2017.
(76.4275 rubles – U.S. $1)
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