Gov't considering fate of Rosenergoatom

The Russian government is considering the possibility of converting Rosenergoatom into a joint stock company, Rosenergoatom Executive Director Sergey Ivanov declared at a press conference in Murmansk today. According to him, the Russian Economy Ministry has submitted a corresponding proposal to the government. Ivanov specified that it was necessary to get approvals from the Atomic, Finance, Property Relations and Economy Ministries to convert the holding into a joint stock company. Some amendments in Russian legislation must be introduced also, he added.

Ivanov stressed that Rosenergoatom could not attract loans to develop the nuclear energy sector, because the holding's property could not be used to cover a loan. If the holding becomes a joint stock company it will be able to attract banking credits, he added.

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