Ten banks, including "global" lenders, have expressed an interest in assisting Moscow with the privatization of Russian assets later this year, including a stake in producer Bashneft, according to Russia's economic development ministry. Russia earlier said it was looking to raise 800 billion rubles ($11.8 billion) from its privatization drive this year. A ministry spokesperson told International Oil Daily there was great interest among the 22 investment banks and financial organizations that were invited in March to help Russia organize the planned privatizations of Bashneft, diamond giant Alrosa and VTB ban
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