Privatization of Rosneft to reduce costs of the Reserve Fund and insure the budget, Ministry of Finance

The Ministry of Finance of the country plans privatization of Rosneft. At least, the head of the department A.Siluanov said that “we are for this decision.” It will reduce the costs of the Reserve Fund and insure the budget, according to the official, TASS reports.

At the same time, Minister stated that the replenishment of the budget through the sale of shares of the oil company might be necessary in case of reduction of its revenue next year.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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