OREANDA-NEWS. November 17, 2010. The Russian government is to consider the federal property privatization plan and the key highlights of the privatization program for 2011-2013. Total proceeds from the 2011-2013 privatization are projected at about RUB 1 trln; however, discarding the 10 largest companies, at just RUB 16 bn, the author of the privatization blueprint, the Economic Development Ministry told journalists.

The Ministry explained the privatization plan consisted of 2 parts: the first part describes general suggestions as to the privatization of the 10 largest companies, while the second part describes privatization concepts for smaller companies, in particular, 116 federal unitary enterprises, 854 joint-stock companies, 10 limited-liability companies and 73 property assets. Revenues from the privatization of the assets defined in the second part of the privatization bill are expected at RUB 6 bn on 2011, RUB 5 bn on 2012 and RUB 5 bn on 2013.

As to larger assets, a special decision is to be made for each of them. In particular, by 2015, the government may sell off 25% less 1 share on Rosneft. In 2011-2013, 7.97% less 1 share in RusHydro can be privatized. In addition, the government could sell off 4.11% less 1 share in the FGC, if the asset price exceeds RUB 0.50 per share, 50% less 1 share on Sovcomflot, 35.5% less 1 share on VTB (another 10% is to be privatized in 2010, 10% in 2011 and 15.5% less 1 share on 2012, with the possible further reduction in the government’s stake in 2013-2015, but not below the blocking package. Finally, 7.58% less 1 share in Sberbank can be privatized in 2011-2013, 25% less 1 share on Rosselkhozbank in 2013-2015, 100% of United Grain Company in 2011-2012, 50% less 1 share in Rosagroleasing in 2013-2015, and 25% less 1 share in Russian Railways after 2015.