KIEV, July 15 – Ukraine will postpone plans to sell state assets to bridge its budget gap until the market rebounds and valuations of the assets increase, Prime Minister Mykola Azarov said Thursday.
Ukraine planned to raise at least 10 billion hryvnias, or $1.25 billion, from selling state telecommunications and power assets in 2010.
“You know, I have never insisted on the privatization over the past four months,” Azarov said. “We managed without this money, and I think will continue to manage without it.”
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