The Minister of economic development Alexei Ulyukayev and Finance Minister Anton Siluanov (left to right)
Photo: Mikhail Metzel/TASS
Finance Minister Anton Siluanov said the privatization plans for the next three years are modest. The Minister of economic development Alexei Ulyukayev disagreed with his colleague, noting that Russia has “a lot of good assets in reserve”
Finance Minister Anton Siluanov at the forum VTB Capital “Russia calling!” said that privatization plans for 2017-2019 modest, you need to go back to their discussion.
“Yet we have large volumes, big plans for privatization. I think that together with colleagues from the Ministry of economic development during the next budget cycles, we are definitely going to touch, because if this year we hope to sell big packages, then the next until we have a plans are quite modest”, he said.
According to Siluanov, following the sale of shares of “Bashneft” and “Rosneft” planned to the end of 2016, “big packages” privatization for the next three years is not expected. He noted that the proceeds from the privatization of VTB and Sovcomflot in next year’s budget is projected to total 130 billion. “While our budget for next year 130 billion rubles to VTB and Sovcomflot, and then, unfortunately, little actual nominal volumes,” — said Siluanov.
The Minister of economic development Alexei Ulyukayev, in turn, said that the privatisation activity in subsequent years will not be much reduced. “I don’t quite agree with my colleague (Siluanov. — RBC) that we’re going to lower privatisation activity, yet it is not so. We have a lot of good assets in the reserve, some of them included in the privatization plan, and this applies to the “Sovcomflot” and our port facilities,” he said.
Ulyukayev mentioned in this regard and VTB. “By the way, VTB. This is our largest financial companies of 10.9% of VTB shares are also in the privatisation plan. We will look for a convenient window for this. We expect that in 2017, such a window opens, and we’ll take it,” — said the Minister. In addition, he pointed out that privatization may affect infrastructure and defense-industrial companies, Recalling that the government is preparing to sell part of the shares of the holding company “Helicopters of Russia”.
According to Ulyukayev, the authorities expect to receive in years 2017-2019 200-300 billion rubles in privatization revenues.
Siluanov, in turn, evaluated the plans of the speaker as too “optimistic”. According to the budget estimates of the Ministry of Finance, in 2016 the Treasury could receive from the privatization of 382 billion rubles, in 2017 — 138 billion rubles, and in 2018 or 2019 — just 14 billion rubles.