Russia Targets 500B RUB from Privatization by Year-End
Russia's Ministry of Finance expects to collect 500 billion rubles from privatization by the end of 2026, up from 300 billion already collected this year, with the sale of additional Aeroflot shares and other state assets under consideration.
Consensus
- The Ministry of Finance expects privatization revenues to reach 500 billion rubles by the end of 2026.
- Over 300 billion rubles have already been collected from privatization in 2026.
- The sale of additional Aeroflot shares is planned for autumn.
- The state currently owns 73.8% of Aeroflot's shares.
- After the planned sale, the state will retain a controlling stake in Aeroflot.
- The state owns 30.43% of Sheremetyevo Airport, which was removed from the list of strategic enterprises.
- The state retains special rights to participate in the management of Sheremetyevo Airport.
- The Ministry of Finance has proposed reducing state ownership in various assets to 50% plus one share or to zero with special conditions.
- The Ministry of Finance's updated conservative forecast for privatization revenue is around 400 billion rubles.
- The success of privatization depends on market conditions.
Points of divergence
- The Ministry of Finance's internal target is 500 billion rubles, which is not a limit and depends on market conditions. — kommersant
- The 500 billion ruble figure is a target for several years ahead, based on the expectation of maintaining high results after a strong year. — thebell
- The Ministry of Finance acknowledges that achieving 500 billion rubles cannot be done with only currently planned asset sales. — thebell
- The state's ownership in Sheremetyevo Airport is 30.43%, and the airport was removed from the list of strategic enterprises. — thebell
- The head of Rosimущество stated that the first half of the year brought over 260 billion rubles from asset sales, with another 70 billion in deals approaching. — thebell
Coverage (2 sources)
- Ministry of Finance of Russia expects 500 billion rubles from privatization by year-end — Коммерсантъ
- In the Ministry of Finance, a benchmark for privatization up to 500 billion rubles has been set — The Bell