Russia’s massive privatization drive takes off with sale of stake in main bank

Monday, February 14th 2011 - 15:42 UTC

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Russia has raised 96 billion roubles (3.3 billion USD) from the sale of a 10% stake in the country's second biggest bank, VTB. The sale marks the start of the government's huge privatisation drive aimed at raising 1 trillion roubles over three years. Read full article

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Sounds like mr Putin will be making a lot of money from giving cheap deals on industryes payed for by Russian tax payers, can anyoone say economic meltdown ?? Menem in Argentina did this samething and in 2001 there was nothing else to sale and Argentina went bankrupt, how long will Russia last is something I can't predict but it will happen.
Feb 15th, 2011 - 10:35 pm - Link - Report abuse 0
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