YUGK's state-owned stake will be sold at an open auction

Ministry of Finance plans to put up the state-owned stake in YUGK for an open auction and does not intend to delay the process, said the head of the department Anton Siluanov. Deal was originally planned to be completed in two stages, with full completion in the first half of 2026. However, last week, Deputy Finance Minister Alexei Moiseev said that the sale process was delayed due to the large set of assets in the company's contour.