Keep Calm: Plans for Sale of Russian Gov't Stake in Rosneft Remain Unchanged

© REUTERS / Sergei Karpukhin/File PhotoWorkers look at a drilling rig at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016
Workers look at a drilling rig at a well pad of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016 - Sputnik International
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Russia's deputy prime minister confirmed that plans for selling the government's stake at the Rosneft energy company remained in force.

GORKI (Sputnik) — Plans for the sale of a 19.5-percent government stake in Russia's Rosneft oil company remain on track, First Deputy Prime Minster Igor Shuvalov said Wednesday.

"We are preparing for sale of 19.5 percent of shares. Everything is on track," Shuvalov told reporters.

Rosneft pavilion at the SPIEF Investment & Business Expo at the St. Petersburg International Economic Forum - Sputnik International
Rosneft, Venezuela's PDVSA Expect Swap Crude, Oil Product Deliveries in 2016
The Russian 2016 economic development plan specifies partial privatization of state assets to support budget revenue, which has suffered due to falling oil prices.

Finance Minister Anton Siluanov said earlier on Wednesday that the government hopes to receive funds from Rosneft privatization into this year's budget.

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