Russian Baltic Fleet’s training ship Smolny ends its visit to GreeceMilitary & Defense October 24, 21:23
Diplomat: US needs alleged attack on Russian ministry website to hype up cyberwar topicRussian Politics & Diplomacy October 24, 21:03
IOC confirms talks between Thomas Bach and Russia’s whistleblowing couple StepanovsSport October 24, 20:34
Scottish rockers Nazareth will record album with new vocalist in 2017Society & Culture October 24, 20:23
Lavrov, Kerry agree to continue consultations on Aleppo — ministryRussian Politics & Diplomacy October 24, 20:11
Russian diplomat does not rule out Ukraine may provoke another gas crisis with EURussian Politics & Diplomacy October 24, 19:50
Moscow court turns down complaint by Stalin’s grandson on justification of NazismSociety & Culture October 24, 19:39
Russia's Ryazan governor says death toll in house explosion climbs to 7Society & Culture October 24, 19:28
Czech ministry does not expect extradition request for Russian national from US this weekWorld October 24, 19:16
BEIJING, January 17. /TASS/. The Russian Ministry of Economic Development will prepare proposals on the privatization of Sberbank and VTB, Economic Development Minister Alexey Ulyukayev told journalists Sunday.
"Yea, we will make proposals," he said, answering the question of whether the Ministry will propose privatization.
At the same time, according to Ulyukayev, it is necessary to accept changes to the legislation in order to sell Sberbank.
Earlier Ulyukayev said that Russians began to consume less and save more money. Therefore, an advanced banking system is needed, which would be able to "recycle" that amount of savings. In order to do that it is necessary to increase the capitalization of banks, which is possible through the privatization of Sberbank and VTB.
According to Deputy Finance Minister Alexey Moiseev, these credit institutions should be also privatized to create a competitive environment. The Head of Sberbank German Gref said he had a positive attitude towards the idea of ··selling Sberbank shares, but so far the issue was not discussed with the government.
Earlier Ulyukayev said that anti-Russia sanctions are not the key obstacle for privatization of Russian lenders VTB and Sberbank.
"Of course, sanctions drag (privatization) but it’s technically possible even under sanctions regime to carry out privatization transactions," he said, adding that Russia has "hundred opportunities" for privatization and has domestic demand for those assets. "However, we should first take a conceptual decision, we have legislative limitations and other limitations, which should be worked out, while the execution of a deal is not a problem," Ulyukayev said.