Russia Plans to Triple Revenue With Sale Of Assets

Bloomberg reported Russia plans to sale Alrosa and other assets to triple revenue this year in an attempt to strengthen the nation’s economy.

As quoted in the market news:

The government approved a privatization plan that targets revenue of 300 billion rubles ($9.3 billion) this year, with about half of that total coming from those three companies, Economy Minister Andrei Belousov said at a government meeting in Moscow today. That compares with 121 billion rubles last year, before President Vladimir Putin swapped jobs with Prime Minister Dmitry Medvedev.

Click here to read the full Bloomberg report.