Not Right Time to Privatize Large Russian Assets - Minister

© Sputnik / Sergei Guneev / Go to the mediabankRussian Economic Development Minister Alexei Ulyukayev
Russian Economic Development Minister Alexei Ulyukayev - Sputnik International
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Now is not the time to privatize Russia’s largest assets due to current falling markets, Russian Economic Development Minister Alexei Ulyukayev said Friday.

A sign at the entrance to the Rosneft oil and gas company building in the Sofia Embankment in Moscow - Sputnik International
Privatization of Rosneft Impossible in Current Situation - Official
MOSCOW (Sputnik) – Privatization is currently underway, but it concerns the “small privatization” of federal and municipal unitary enterprises, Ulyukayev told Rossiya-24 television.

“In regard to our best assets, these are in the banking sphere, energy and oil sphere that by nature should be on the market, we need to get them to the market, but we shouldn’t rush to sign any deals on a falling market.”

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