Kudrin: privatization of Rosneft, Sberbank and VTB should be postponed for a year and a half

Kudrin: privatization of Rosneft, Sberbank and VTB should be postponed for a year and a half

Privatization of the Russian oil companies and banks should be postponed for a year and a half,  ex-Finance Minister Alexey Kudrin said, adding that "the value of these companies is very low at the peak of the fall in prices."

According to him, the Finance Ministry believes that Rosneft should be privatized in the first place, due to the fact that it "does not receive other sources to cover the deficit."

The ex-minister also believes "that it would be better to use the reserves of the Reserve Fund now and to get substantially more for these assets in a year and half," RIA Novosti reports.

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