Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

02/21 05:05   Russia political and economic calendar: February 21
 
02/21 05:00   INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
02/20 22:11   U.S. police interested in non-lethal weapons produced by Russia's Tecmash
 
02/20 22:04   Russian permanent mission to UN to open book of condolences over death of Churkin from Feb 21
 
02/20 21:57   Churkin became whole epoch in Russian diplomacy - Duma international committee's head
 
02/20 21:56   U.S. ambassador to Russia: Our thoughts and prayers with Vitaly Churkin's family, loved ones
 
02/20 21:53   Minsk offers condolences on death of outstanding Russian diplomat
 
02/20 21:50   U.S. AMBASSADOR TO RUSSIA: OUR THOUGHTS AND PRAYERS WITH CHURKIN'S FAMILY, LOVED ONES
 
02/20 21:49   Russia implements recommendations of McLaren report's 1st part - ROC Vice President Levitin
 
02/20 21:44   Churkin was on 'frontline', missed no blow against Russia - Kosachyov
 


 

Interfax.com  |  Interfax news  |  Sovereign funds shouldn't be main investors in...


News headlines


November 14, 2012 09:39

Sovereign funds shouldn't be main investors in RZD privatization - Shuvalov

MOSCOW. Nov 14 (Interfax) - Sovereign wealth funds should not be the main investors in the privatization of state assets, First Deputy Prime Minister Igor Shuvalov believes.

Last week, Deputy Transport Minister Alexei Tsydenov said that a 5% stake in Russian Railways (RZD) (RTS: RZHD), the privatization of which in 2013 was recently discussed at a cabinet meeting, could be bought by state-owned Vnesheconombank (VEB) or one of Russia's wealth funds.

Commenting on this proposal, Shuvalov said that "the issue needs to be decided [depending] on the stake that will be offered."

"In general, whether wealth funds can buy stakes in privatization - discussions are underway on this issue. I already expressed my position during the St. Petersburg Forum. But you can't say it like this: to have [the funds] buy the 5% [of RZD]. This is only in the case where you see the whole deal, you have a quality investor, you are achieving good results, and in this case, if it is a good privatization, the wealth funds decide to invest because this is good for future generations. Not the other way around, so that it looks like a good privatization only because the wealth funds are buying shares in the company being privatized," Shuvalov told reporters on Tuesday on the sidelines of a Bankers' Day organized by Itogi magazine.

"This process should be managed by professional financiers and specialists. A decision can be made when they see that this is an excellent investment for future generations and the value of the asset will grow in price," Shuvalov said.

At the St. Petersburg International Economic Forum in June, Shuvalov said he believes it is possible to invest a tenth of the resources of the National Wealth Fund in state companies that are being privatized. This idea was supported by a number of investment banks among those advising Russia on privatization, but received a cold reception at the Finance Ministry, which will oversee the future Russian Finance Agency that will manage the NWF and Reserve Fund.

Vp of

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

February 21, 2017
 
05:05
Russia political and economic calendar: February 21
 
05:00
INTERFAX RUSSIA AND CIS BUSINESS AND FINANCIAL NEWS
 
February 20, 2017
 
22:11
U.S. police interested in non-lethal weapons produced by Russia's Tecmash
 
22:04
Russian permanent mission to UN to open book of condolences over death of Churkin from Feb 21
 
21:57
Churkin became whole epoch in Russian diplomacy - Duma international committee's head
 
21:56
U.S. ambassador to Russia: Our thoughts and prayers with Vitaly Churkin's family, loved ones
 
21:53
Minsk offers condolences on death of outstanding Russian diplomat
 
21:50
U.S. AMBASSADOR TO RUSSIA: OUR THOUGHTS AND PRAYERS WITH CHURKIN'S FAMILY, LOVED ONES
 
21:49
Russia implements recommendations of McLaren report's 1st part - ROC Vice President Levitin
 
21:44
 
21:34
Churkin's death tremendous loss - Russian embassy to U.S
 
21:33
Putin extends condolences to relatives, loved ones of Churkin, Russian Foreign Ministry staff - Peskov
 
21:32
Churkin worked to point of exhaustion defending Russia's interests - State Duma first deputy speaker
 
21:16
Churkin brilliantly protected Russia's interests on primary intl platform - Federation Council
 
 more headlines 



Interviews
 

.
OSCE Chairperson-in-Office, Austrian Foreign Minister Sebastian Kurz has given an interview to Interfax in which he speaks about his vision of the Ukrainian settlement and the role of the SMM OSCE in it, about conditions under which EU sanctions against Russia can be lifted at any time and tells about what he values in his Russian counterpart Sergei Lavrov.

more
.
.
Pakistani Minister of Planning, Development and Reform Ahsan Iqbal has given an interview to Interfax in the wake of his visit to Moscow in which he speaks about prospects of interaction between Russia and Pakistan in various spheres, prospects of Russias joining the China-Pakistan economic corridor project, the settlement in Afghanistan and prospects of Pakistans joining the Nuclear Non-proliferation Treaty.

more
.
.
Head of the delegation of the International Committee of the Red Cross (ICRC) in Russia, Belarus and Moldova Magne Barth has explained the position of the ICRC on interaction with Russian military in Syria. Earlier the Russian Defense Ministry called the ICRC reaction regarding the death of two Russian medical workers in a strike on a Russian military hospital in Syrias Aleppo cynical.

more

 
  
 ©   1991—2017   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100