Nabiullina: Russia's privatization procedures open to foreign investors
MOSCOW. Nov 9 (Interfax) - Russia is interested in having foreign
investors take part in privatizations in 2010, Economic Development
Minister Elvira Nabiullina told journalists on Monday following a
session of the Consultative Committee on Foreign Investment.
Foreign investor participation, which figures in the updated text
of the privatization plan for 2010 (and calling for sales proceeds
totaling about 80 billion rubles), was not a special topic of discussion
at the meeting, she said. "But I would like to stress that our
procedures are open to the participation of foreign investors,"
Nabiullina said, adding that "there are special procedures for the
strategic sectors."
The procedures for agreeing bids by foreign investors to acquire
assets in Russia's strategic sectors "have already been worked out and
are operating normally," she said. "In the rest, we are ready for the
participation of foreign investors in these processes."
Renault's potential participation in the financial recovery of
Avtovaz (RTS: AVAZ) was also not an issue of particular focus at the
meeting, she said. "We want to see foreign investors taking part in the
restructuring of the Russian automotive industry, including industrial
assembly," she said.
