Russia will not privatize because of the sanctions

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В России не будут проводить приватизацию из-за санкцийThe sanctions hit hard by the economy.

The Ministry of Finance of the Russian Federation not budgeted for the years 2019-2021 major privatisation deal, as the assets under sanctions are undervalued.
“Now, in terms of different restrictions, sanctions and so on, of course, the cost of our packages, our companies are undervalued. Therefore, we believe that today it is quite usual resources to Finance the budget deficit,” – said Siluanov.

He said that the Finance Ministry will have flexibility in the sources of financing the budget deficit and, if necessary, could do without foreign loans and replace them internal.

“We cannot yet say whether the sanctions on duty: or will, or will not, what will be sanctions. In any case, we may refuse from external borrowings, replacing them with the internal sources of deficit financing”, – said the Russian Minister.

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