Igor Shuvalov, Russia’s first deputy prime minister, has said state-owned shipping company Sovcomflot could be privatised before the end of 2016, Reuters reports.
Russia has stepped up its privatisation plans across a number of industries as the Kremlin looks to rein in its budget deficit.
The mid-sized oil producer Bashneft could also be privatised before the end of the year, Shuvalov added.
The government has reportedly just closed a deal to sell a 10.9% stake in diamond miner Alrosa for RBL52bn ($800m).
Russia’s Putin-led government said in February it would prioritise an initial public offering (IPO) of shares in Sovcomflot.
The same month, economy minister Alexei Ulyukayev estimated the government could get around RBL24bn ($357m) roubles from selling a 25% stake in the shipping company.
