Kudrin: Sberbank should be privatized in next 6 to 10 years

Russia's state should sell a portion of its majority holding in Sberbank, the chairman of the Board of the Center for Strategic Research, ex-Russian minister Alexei Kudrin said.

He believes that the state should sell government stakes in Russian oil companies in stages over the next 6 to 10 years, and that it could sell a portion of its majority holding in the country's largest bank Sberbank in the same time period, Reuters reported.

With such reforms, Kudrin said Russia could increase its economic growth rate to 3-4% in five to six years, even with sanctions staying in place