11 Mar 2011 11:29

Cross-subsidiaries to power sector will not be eliminated in near future, roadmap needed - Nabiullina

CHEREMUSHKI. March 11 (Interfax) - Cross-subsidiaries to Russia's power sector will not be phased out in the near future but a roadmap for the sector is needed, Economic Development Minister Elvira Nabiullina said at meeting of the State Council dedicated to the development of the electricity industry.

"According to our calculations, if we now raise regulated tariffs by 12%, cross-subsidiaries would be phased out by 2020," she said.