The resumption of privatization in Russia and the withdrawal of foreign companies under the conditions of Western sanctions may lead to the very cheap sale of assets and the buyers of state-owned financial structures. As a result, this will only lead to an increase in the share of the public sector in the economy, aforementioned Chief Economist of RIA Novosti Rating agency “Expert RA” Anton Tabakh.
“(International – ed.) resumption of privatization under the conditions of sanctions and alienation, the very cheap sale of assets and the absence of foreign “strategists”, there will be buyers of state-participated financial structures, like the VTB itself,” said Tabakh.
Earlier, Andrey Kostin, Chairman of the Board of VTB Bank, in his column at RBC presented Restart the privatization process in Russia. Kostin urged to do this in order to provide a new model for the growth of the Russian economy against the background of the imposed sanctions.
Kostin described the transfer of state ownership to private hands in a transparent and market conditions as a tool that has proven its effectiveness many times over.