There is no reason that German companies should not participate in the Russian privatisation programme, Economic Development Minister Alexey Ulyukayev told journalists in Stuttgart yesterday. “German companies can participate in privatization in Russia through IPOs,” he said after meeting with German businessmen. “You are welcome. Our doors are open, we are ready to receive you.”
Earlier this year, the Kremlin indicated that it was considering reducing state stakes in a number of state-run enterprises including Rosneft and Bashneft (oil), Sovkomflot (shipping), Alrosa (diamonds) and the VTB bank.