Head of Bashkiria considers Bashneft privatization amid oil prices volatility risky
Aug19

Head of Bashkiria considers Bashneft privatization amid oil prices volatility risky

Head of Russia’s Bashkiria republic Rustem Khamitov finds it risky to privatize the Bashneft oil company amid volatility of oil prices and the ruble’s rate. “Selling the company in conditions of high volatility of oil prices and the ruble rate is risky from the economic point of view. Successful sale requires stable conditions for planning and this is not the case now,” he said in an interview with TASS.   At the same...

Read More
Kremlin: Some oil privatization by year’s end
Jul11

Kremlin: Some oil privatization by year’s end

Privatization of Russian oil production and maritime shipping companies could be completed before the end of the year, a deputy minister said Monday (July 11). The Kremlin has been reviewing privatization options as the Russian economy risks lingering in recession because of the strains brought on by Western sanctions and low crude oil prices. Privatizing state oil company Rosneft could bring in up to $6.5 billion to a federal budget...

Read More
Medvedev: Russian economy needs to be protected from dramatic fluctuations
Jun21

Medvedev: Russian economy needs to be protected from dramatic fluctuations

The Russian economy should be safeguarded against dramatic fluctuations, Prime Minister Dmitry Medvedev said on Tuesday (June 21). “The economy should be defended against abrupt fluctuations in the first instance. Clearly this goal cannot be reached in 1-2 years but diversification of the economy and change of its structure remains the most important task of the state and the government,” Medvedev said. The government is...

Read More
Russian Economic Development minister sees no obstacles for German companies’ participation in Russian privatization
Jun01

Russian Economic Development minister sees no obstacles for German companies’ participation in Russian privatization

Russian Economic Development Minister Alexey Ulyukayev said on Tuesday he saw no obstacles for German companies to take part in privatization in Russia. “German companies can participate in privatization in Russia via mechanisms of public offering, when companies are floated on a stock exchange or can take part in this process via a strategic investor. You are welcome. Our doors are open, we are ready to receive you,” he...

Read More
Top

Pin It on Pinterest