Shuvalov asked to accelerate the privatization of large assets


Moscow. On 5 November. First Deputy Prime Minister Igor Shuvalov has instructed the authorities to study the possibility of accelerating the privatization of large assets, despite weak market conditions, said the head of Rosimushchestvo Olga Dergunova.

“The meeting, which was held with first Deputy Prime Minister Igor Shuvalov, we were recommended to consider the possibility of accelerating sales of major assets, regardless of what the prices will be in international markets. Because before that, we all proceeded from the hypothesis, and the President has expressed the position that we should not sell large assets at any price. However, we understand that the situation on international markets does not improve, the situation drags on, and Express our readiness (to sell), if the President supported this decision”, – Dergunova said, speaking at a meeting of the state Duma Committee on the budget.

“There is a class of assets ready for privatization. It’s all public companies – “Rosneft”, “RusHydro” and “ALROSA”, “Aeroflot”, i.e., essentially all of the assets, shares quoted on the stock exchange”, – she noted.

While in the privatization plan for next year all of these assets are not included, there is only one potentially major deal, postponed from 2015 – the sale of shares of Sovcomflot (planned revenues in the amount of 12 billion rubles).

Dergunova said that Shuvalov recommended that before the end of November to prepare proposals to the President, to initiate this discussion. This will engage the Ministry of economic development.

In addition, according to her, the government will prepare proposals on accelerating the “mass privatization”. “Recommended to accelerate the mechanism of transmission assets for public offering and sale without the price announcement, so as long as the assets are not sold, not to hold the States we don’t have time to manage them. And now we are doing schedules, check how to make decisions as quickly as possible,” said Dergunova.