Sands on privatization: it is impractical to sell undervalued assets

Sands on privatization: it is impractical to sell undervalued assets


Changes in the conceptual approach to privatization, no, said the press Secretary of the President of the Russian Federation, privatization should be an effective process, not an end in itself.

MOSCOW, 5 Nov. Change of position on privatization has not occurred, to sell the assets which are highly undervalued, it is hardly impractical, said on Thursday President’s press Secretary Dmitry Peskov.

“In this case, I can’t say that there was some change in the conceptual approach in the context of privatization. There is still a requirement that privatization cannot be an end in itself. This should be an efficient process, and, of course, to privatize the assets, which are now very undervalued, it is hardly possible and hardly impractical. First and foremost it is a question of the effectiveness of privatization”, — told reporters Sands.