Russian energy, transport, finance companies among privatisation candidates, says finance ministry

St Petersburg, Russia, – Finance Minister Anton Siluanov said in a statement on Friday, Moscow is trying to gather funds for the federal budget, because the energy, transportation and financial sectors of Russian state companies will be among the privatization candidates, he said.

Moscow, which has been fleeing by the Western capital since the beginning of the conflict in Ukraine, is looking for ways to promote more indigenous special investment, increase economic efficiency and ultimately increase budget revenue, as Russia has greatly spent on war.

“Currently, I can say that it is energy, transportation and finance,” Siluanov said at the St Petersburg International Forum on Friday. He said.

“We are interested in withdrawing new money for the development of companies.” He said. “Currently, there are difficulties in financing the investment programs of large companies.”

Authorities have mocked the market for months without giving concrete names, which companies could be a privatization candidate.

In 2010, the Ministry of Finance, led by reformist Alexei Kudrin, first launched a multi -year privatization campaign to relieve state assets, but the plan ultimately stopped. The state sale of a share in Major Rosneft has been the main agreement since then.

Siluanov proposed the resurrection of the still privatization driver at the end of 2023, and proposed to send a list of 30 company name to the government in an offer that would see the state controls the shares.

In March, the ministry said the privatization of shares in seven major companies next year will rise to 300 billion rubles for the budget.

A few great Russian companies complained about the cost of prohibition by 20%of interest rates.

Central Bank Governor Elvira Nabiullina, the preparation of government companies for the first public offers will require serious preparation, he said.

Russia has also fought to attract investment in the last few years, and Western companies have not yet loosen funds and investors from countries that were friendly to Moscow.

This article was created from an automatic news agency feeding without changing the text.