Putin likely to put Aeroflot up for sale

Russian leader lines up sell-offs to help budget
Aeroflot and Russian Railways are among a number of large-scale state-owned Russian companies being lined up for privatisation as the Kremlin considers new ways to replace declining oil revenues.
The heads of Aeroflot, Russian Railways and five other major companies, including diamond miner Alrosa and oil giant Rosneft were summoned to the Kremlin yesterday for a meeting with President Vladimir Putin.
It is the first comprehensive privatisation push in years, coming as the fall in crude prices keeps Russia mired in a second year of recession, ripping a gaping hole in its budget.
The cabinet under Prime Minister Dmitry Medvedev is amending its 2016 budget, which had previously been planned on the assumption of high oil prices.
However, Putin stressed that “there shall be no sale of shares for a pittance or at knockdown prices”.
Financial Times


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