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Articles with tag "Privatization"

Russian Watchdog Proposes Privatizing Aeroflot's Budget Airline Pobeda

A privatized Pobeda could focus on domestic destinations and bring down the famously expensive internal flights.

Russian State Bank Secretly Financed Rosneft Sale After Foreign Buyers Balked

After 2016 Rosneft privatization was hailed as a success, new sources claim that state-owned bank VTB secretly financed much of deal

No Privatization for Russian Railways Until 2020, Deputy Prime Minister Claims

The Kremlin will not privatize Russian Railways within the next three years, a top government official has claimed.

Russian State Bank Loaned $11.6 Bln to Start Rosneft Privatization Deal

Kremlin-owned Russian bank VTB provided a loan needed to kick-started the privatization of Russian energy giant Rosneft, the RBC news outlet has revealed...

Rosneft Privatization Deal Closed As Italian Financing Comes Through

State-controlled oil giant Rosneft's tumultuous privatization saga concludes with Glencore and the Qatar Fund closing the deal and Intesa Sanpaolo bank...

Russia's Arrested Economy Minister Duped Over Rosneft 'Bribe,' Say Lawyers

Former Economic Development Minister Alexei Ulyukayev was unaware of the contents of briefcases he was given shortly before he was arrested on corruption...

In Name Alone: Russia's Fake Privatization

It was supposed to be a simple transaction: The government would sell shares in key state companies to private investors and fill state coffers. But there...

Ulyukayev Arrest Scuppered Japanese Bid for Shares in Russia’s Rosneft

The arrest of Russian Economy Minister Alexei Ulyukayev may have killed off a privatization deal being brokered between Japanese investors and Russian...

After Controversial Arrest, Rosneft Makes Offer to Bashneft Minority Shareholders

Rosneft has made an offer to acquire another 37.52 percent of the Bashneft oil company, but the timing and circumstances will leave many scratching their...

Kremlin Urged to Rethink Privatization Plans - Reports

A new government report is urging the Kremlin to rethink its privatization policy and keep more state assets under its control, the Vedomosti newspaper...

Doing the Boss a Favor: Lukoil May Help Privatize Rosneft

On Oct. 31, at the opening ceremony for the Filanovsky oil field in the Astrakhan region, President Vladimir Putin invited Vagit Alekperov, director of...

Russia's Bashneft: A Very Public Privatization

The strange, convoluted saga of the privatization of one of Russia’s largest oil companies appears to be drawing to a close — and the end result isn’t...

Russian Oil Firm Rosneft Could "Privatize Itself"

State-controlled oil giant Rosneft may ultimately “privatize itself," the Vedomosti newspaper reported Wednesday. Energy investment fund Energia is reported...

How the Battle for Russian Privatization Was Fought and Lost

The second wave of economic crisis is battering the Russian economy. In order to replenish dwindling resources, the government is planning a rummage sale...

Kremlin-Owned Rosneft Cleared to Privatize Russian Oil Giant Bashneft

State-owned energy giant Rosneft will be able to take part in the privatization of Bashneft, Russia's First Deputy Prime Minister Igor Shuvalov has announced...

Aeroflot Privatization Delayed to 2020

Russia's flagship national airline, Aeroflot, will be excluded from the government's privatization plans until at least 2020. “The company should remain...

Bloomberg: Rosneft CEO Igor Sechin Proposes to Pay $5Bln for Bashneft Controlling Stake

Igor Sechin, the head of Rosneft, the largest state oil company, has asked the government to let his company to bye the controlling stake at Bashneft for...

Russia Puts Privatization on the Back Burner

The privatization of shipping company Sovcomflot has been postponed to 2017, according to a Federal Property Management Agency (FPMA) representative and...

Rosneft Could Remain Unsold This Year – Minister

Russia may not be able to sell its stake in the Rosneft oil company by the end of this year, Economic Development Minister Alexei Ulyukayev told the Interfax...
opinion Vladimir Milov

Privatization by the State: The Strange Case of Bashneft

Structurally, the “privatization” of one state company by another would only strengthen state domination in the industry, the exact opposite of what...
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