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Russia Econ Min: 2013 Privatization of Major Firms May Raise around RUB320 Billion

Privatization of state stakes in Russia's major companies could raise around 320 billion rubles ($10.2 billion) in 2013, the country's economy minister said Monday.Andrei Belousov told an annual panel at the ministry that the privatization this year of government stakes in TGK-5, S7 Airlines, Mosenergostroy, Arkhangelsk Trawl Fleet, Sovkomflot, Rosnano, Alrosa and VTB Bank (VTBR.RS), Inter RAO UES, and 5% of Rosneft (ROSN.RS) could raise this much money.Mr. Belousov said Russia may put more government assets on sale, which could potentially raise RUB970 billion."The market will unlikely be able to digest assets worth nearly 1 trillion rubles," Mr. Belousov said.The kremlin is pursuing privatization to lower government stakes and boost its budget.Speaking before the same panel about the Kremlin's privatization drive, Russian Prime Minister Dmitry Medvedev said that such deals can't be always postponed due to a poor market environment.Write to Andrey Ostroukh at andrey.ostroukh@dowjones....

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