Russia Wants To Privatize Seven State Companies

Photo: The Afimall City shopping mall in central Moscow, Russia. Andrey Rudakov/Bloomberg

BBC: Russia lines up state assets for privatisation

Russia is lining up seven state companies, including airline Aeroflot, for potential privatisation.

Kremlin spokesman Dmitry Peskov said the list of companies to be privatised and the size of the stakes were yet to be finalised.

But he said that foreign investors would be welcome to buy shares in the sale.

The potential sell-off is expected to raise in the region of 500 to 800bn roubles($6.5bn; £4.5bn).

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Update: Putin lines up state sell-offs to plug budget hole (Financial Times)

WNU Editor: The specifics on these privatisation sales are still all up in the air, but it is a sign of the times for the Russian economy. But for some Russians .... the good times are still continuing .... Russia’s economic crisis has produced a ‘bizarre’ paradox (Reuters).

Update #2: Sorry Haters, Russia Survives $30 Oil Kenneth (Kenneth Rapoza, Forbes).