Russia to cuts stakes in oil, telecoms firms-Kudrin

Newswire

MOSCOW, Sept 29 (Reuters) - Russia is planning gradually to reduce its stakes in big state oil companies and those in other sectors, such as telecoms, as part of its post-crisis strategy, Finance Minister Alexei Kudrin told reporters on Tuesday. Kudrin said the renewed privatisation drive could materialise in the next three years. But he said the state could increase its stakes in troubled automotive and defence firms during the financial crisis. The minister also said the government ...

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