Russian government expect 1 trillion rubles (or over 16 billion USD) from the privatization of the state assets in period 2017-2019. The plans for privatization of the state-owned enterprises, includes the railway company RZD, private pension fund, Sovcomflot, Rosneft and VTB. However, the government of Russian Federation consider to keep stakes in the companies and even of the majority ones in strategic enterprises.
Last week, the Russian Finance Ministry started consultations over the draft Budget for 2017, where were already included the sales of 11% from VTB and 25% from Sovcomflot. From the both transactions, the government plans to raise total at least 120 billion rubles until the end of 2017. The preparation for the both transactions will start in the beginning of next year and expect to end in Q3 2017. The sale of the minority stakes in both state assets is important for balancing the budget, which is under pressure from record low oil prices and local currency depreciation.
The privatization of the other state-owner companies are not yet scheduled and budgeted, as probably the procedures will start in late-2017 and early-2018 considering the current economy environment.
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