The Moscow city government hopes to raise 40 billion to 50 billion rubles ($1.4 billion to $1.7 billion) for its 75 percent stake in Vnukovo Airport, which will be transferred to the federal government in October or November, Deputy Mayor Andrei Sharonov said Tuesday.
"Talks with the federal government are close to completion," Sharonov said.
The shares will not be sold but transferred "with symmetrical provision of federal subsidies" in an amount adequate to what Moscow spent on developing the airport, he said.
The shares are being transferred to merge the Vnukovo and Sheremetyevo airports.
(Interfax)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
