The head of VTB exclude the impact of the arrest of the speaker of privatization in Russia

The President-Chairman of VTB Andrey Kostin said that the plans to privatize state assets for 2016-2017 will not be reviewed because of the arrest of the former Minister of economic development Alexei Ulyukayev.

“Of course not. Things like privatization is the plans that are provided by the government,” — said the head of VTB, responding to a question (quoted by “RIA Novosti”).

According to him, “it is more about partial sale of shares with the purpose of replenishment of the budget”. He said that, when the control state is maintained, the sale of shares in fully is not privatization.

“The measures that the government intends to do, of course, change of leadership of the ministries are unlikely to affect it. I think this line will continue”, — said Kostin.

The head of VTB also noted that the deal to sell the government’s stake in Bashneft was successful, the state received the maximum benefit.

Earlier, on 20 November the head of “Rosneft” Igor Sechin said that the privatization of 19.5% stake in the company is going according to plan.

“There is a government, it runs absolutely normal,” — he said to journalists on the sidelines of the APEC summit in Lima (quoted by “Interfax”).

Responding to a question about whether it would be appropriate for more privatization of 10% shares of “Rosneft” in 2017, Sechin has told that heard nothing about it. “I am the Manager of the company: what decision will be made by the government, we will comply,” he said.

Basmanny court of Moscow has sent the former head of the MAYOR Alexei Ulyukayev under house arrest on 15 November. He is accused of extortion and receiving $2 million in bribes from Rosneft for the positive conclusion of his Ministry on privatization of shares of “Bashneft”.The TFR stated that he took ex-Minister caught red-handed. The speaker does not recognize his guilt, and the incident in the office of “Rosneft” called a provocation.

15 November the President of Russia Vladimir Putin, Ulyukayev dismissed from his post in connection with loss of trust.

Costin on Sunday also reported that the Supervisory Board of VTB, instead of the speaker can lead the former Central Bank Chairman Sergei Dubinin.