Russia aims for privatisation plan

Russia’s prime minister said yesterday he hoped to raise more than $5.5bn this year by selling stakes in state companies, reviving a delayed privatisation programme that could spur a flagging economy. At a meeting with deputy prime ministers, Dmitry Medvedev also sounded a note of caution, saying the sale of shares in companies such as Rosteleom or shipping group Sovcomflot could happen only in good market conditions.