The speaker: the economic development Ministry will prepare proposals on privatization of Sberbank and VTB

The speaker: the economic development Ministry will prepare proposals on privatization of Sberbank and VTB


BEIJING, January 17. The economic development Ministry will prepare proposals on privatization of Sberbank and VTB. This was reported to journalists by the head of the Ministry Alexei Ulyukayev.

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“We will offer”, – he told, answering a question whether the Ministry of privatization to offer.

Thus, according to the speaker, for the sale of Sberbank it is necessary to take changes in legislation.

The Russians began to consume less and save more

As previously reported, the Minister proposed to revert to the issue of privatization of these banks, speaking at the Gaidar forum in 2016. According to Ulyukayev, the Russians began to consume less and to save more money.

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So you need a developed banking system, which is able to “recycle” this amount of savings. You need to increase the capitalization of banks, which is possible through privatization of Sberbank and VTB.

According to the Deputy head of MinFin Alexey Moiseev, these credit institutions must be privatized at the same time to create a competitive environment. The head of Sberbank German Gref said that is favourable to the sale of shares of Sberbank, however, with the government this matter was not discussed.

The government is still considering the option of support via OFZ VEB

Also the Minister of economic development announced that the government of the Russian Federation when considering the support of Vnesheconombank does not reject the idea of passing a package of Federal loan bonds (OFZ).

“Naturally, they (support measures – ed.) should be discussed. NWF (national welfare Fund) is the solution to the problem of liquidity, and for the EBV, the main problem is the problem of the capital”, – said the Minister, answering the question of whether other measures support after the decision on the extension of preferential placement of funds SWFs on deposits in Vnesheconombank.

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