18:59 GMT +3 hours27 November 2014
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Russia Could Sell 6% Rosneft, 5% RZD in 2013 - Minister

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The Russian government could privatize up to 6 percent of state-owned oil giant Rosneft and 5 percent of rail monopoly Russian Railways (RZD) next year, Economic Development Minister Andrei Belousov said on Thursday.

The Russian government could privatize up to 6 percent of state-owned oil giant Rosneft and 5 percent of rail monopoly Russian Railways (RZD) next year, Economic Development Minister Andrei Belousov said on Thursday.

“In 2013 we plan to carry out not less than eight major privatizations, principally Sovcomflot [shipping company], VTB [bank], Alrosa [diamond monopoly] , Rosneft (up to 6 percent stake), the Arkhangelsk Trawler Fleet, TGK-5 [power generator], Sibir [airline], Mosenergstroi [energy infrastructure], to earn up to 260-270 billion ($8.38-8.70 billion) rubles,” he said.

The most significant privatization would be Sovcomflot’s IPO, he said.

The government has also come to an agreement about privatization of Russian Railways, and the remaining state-held stakes in United Grain Company and Rosagrolising, an agricultural equipment leasing firm.

The government has also started work on privatization of its stakes in Aeroflot, Russia’s biggest airline, as well as agricultural bank Rosselkhozbank, Sheremetyevo airport, RusHydro (hydro-electric power generator) and several other companies, he said, which could bring in another 500 billion rubles.

Extensive consultation remains to be completed with the relevant ministries and investment consultants, he said

First Deputy Prime Minister Igor Shuvalov has previously said the government intends to raise over 200 billion rubles in 2012 from privatization, and more than that next year.