Kremlin: Russian government has no plans to privatize entire oil sector

Kremlin: Russian government has no plans to privatize entire oil sector

The Russian Government have not yet considered privatization of the entire oil sector in the coming years, Presidential spokesman Dmitry Peskov told reporters commenting on ex-Finance Minister Alexey Kudrin saying that all state-owned companies in this sector should be privatized in the next 7-8 years.

"This is Kudrin's well-known expert point of view, he defends it reasonably enough. There are other opinions as well. However, as far as I know, the Government has no such plans yet," TASS cited Peskov as saying.

Head of Russia’s Center for Strategic Research (CSR) and ex-Finance Minister Alexey Kudrin said at the St. Petersburg International Economic Forum (SPIEF-2017) earlier that Russia’s oil sector should be fully privatized within the next 7-8 years.

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