Russia abandons some privatisation plans this year, RIA cites minister

MOSCOW, June 9 Mon Jun 9, 2014 7:17am EDT

MOSCOW, June 9 (Reuters) - Russia will not privatise telecoms company Rostelecom, shipping company Sovkomflot and the Novorossiisk sea port this year, RIA news agency quoted Deputy Finance Minister Tatyana Nesterenko as saying on Monday.

"We expect a significant decline in revenues from privatisation, to 170.8 billion roubles ($5 billion). We checked the estimate for the planned sale of shares in Rostelecom, Sovkomflot and the Novorossiisk sea port. Based on the uncertain value, the government decided not to sell these shares this year," she was quoted as saying. ($1 = 34.2725 Russian Roubles) (reporting by Ludmila Danilova, writing by Elizabeth Piper, editing by Lidia Kelly)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.