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Feb 02, 2017

Government approves the program on the privatization of state-owned assets for 2017-2019

On 2 February 2017, the government adopted the program on the privatization of state-owned assets for 2017-2019. It is valued at 17 billion roubles (USD 285.30 million). The plan envisages, inter alia, that the State reduces its stake in VTB (Russia's No. 2 bank), Sovcomflot (maritime shipping) and Novorossiysk Commercial Seaport (20%).

Type: Entry and establishment (Ownership and control)

Industry: Services (Transportation and storage, Financial and insurance activities)

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