Russia's Transneft put forward for 2020-2022 privatisation programme

By Reuters • last updated: 09/12/2019

FILE PHOTO: An oil storage tank of Russian oil pipeline monopoly Transneft is pictured at the Baltic Sea port of Ust-Luga, Russia February 26, 2018. REUTERS/Vladimir Soldatkin/File Photo - Copyright Vladimir Soldatkin(Reuters)

Text size Aa Aa

MOSCOW (Reuters) – Russia’s finance ministry would like to make Transneft <TRNF_p.MM>, Russian Railways, Aeroflot <AFLT.MM>, Rosseti <RSTI.MM> and Rushydro <HYDR.MM> part of the 2020-2022 national privatisation programme, a ministry official said on Wednesday.

Russia’s finance ministry would like the government’s stakes in these companies to be reduced to 50% plus one share, Deputy Finance Minister Alexei Moiseev said.

Pipeline monopoly Transneft and Russian Railways would be privatised no earlier than in 2021, he said.

(Reporting by Darya Korsunskaya; writing by Tom Balmforth; editing by Louies Heavens)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.