Russia’s diamond miner Alrosa will not be privatized

Russia’s largest diamond miner Alrosa will be excluded from the list of organizations subjected to privatization, Yakutia President Yegor Borisov told a news conference on Wednesday. According to Borisov’s website, the Russian government is drafting a relevant decree. The meeting of the government that will consider exclusion from the list of subject to privatization such companies as Rosneft is scheduled for June 27, Borisov said. Last month Economic Development Minister Andrei Belousov told reporters that the Economic Development Ministry maintains plans for privatizing 14 percent of shares in Alrosa until the end of the year. Earlier the government’s decision on selling shares in Alrosa was expected to be made until June 25.