Russia is planning a wave of privatisation that could see stakes sold in ports, airports, shipping companies and Rosneft, the oil company, to raise revenue in the second half of 2010, according to Igor Shuvalov, first deputy prime minister.

Mr Shuvalov, who led Moscow’s response to the financial crisis, said on Monday that the government was working on a privatisation plan that would raise money for the national budget, allow companies to invest in infrastructure and reduce corruption.