The Russian Property Ministry introduced changes to the plan of privatization of Rosgosstrakh, the successor of the oldest and largest Russian insurance company Gosstrakh. The ministry is going to sell 1% in Rosgosstrakh at an auction straight after the sale of a 39% block. The latter auction will be conducted in the next two or three days, a source in the Property Ministry reported to RBC. The sale of exactly 1% in Rosgosstrakh is connected with some limitations in Russian legislation and the protection of minority shareholders. In addition, the interest of potential buyers in this 1% block will increase its price and, correspondingly, sales revenues of the state.
In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.
Rescuers found the pilot of one of the two Su-34 fighters that had collided in midair in the Far East on January 18