The Ministry of Finance announced the need for “big privatization” in Russia

A large privatization should take place in Russia, but for this it is necessary to form a market. This statement was made by Deputy Finance Minister Alexei Moiseev.

“I believe that a large privatization will have to take place, but we need to understand who to sell to. If you sell now, it will be similar to the history of 1994, these are loans-for-shares auctions, in my opinion, that’s what they called it, but no one wants this, of course, ”he said at the XI St. Petersburg International Legal Forum (quote according to RIA Novosti).

According to Moiseev, for this it is necessary to form a market and an active Russian retail investor. Mentioning the article of the chairman of the board VTB Andrey Kostin, deputy head of the Ministry of Finance, said that “no one is against” privatization, but first it is necessary to fulfill a number of instructions from the president “on the formation of an internal investor.”

At the beginning of April, in the column for RBC Kostin offered to restart privatization in the country in connection with the destruction due to sanctions of the “supporting elements” of the Russian economy that have developed over the past 30 years. According to him, such a measure will help strengthen the foundations of market mechanisms, ensure the development of the stock market, as well as form a new generation of managers and create competition.

Commenting on the chapter’s proposal VTBPress Secretary of the President of the Russian Federation Dmitry Peskov declaredthat the Kremlin is not discussing the idea of ​​a new privatization in Russia. At the same time, he called the point of view presented by Kostin interesting.