Russia's state property management agency is ready to sell off stakes in several major firms as part of a privatisation plan if President Vladimir Putin backs the idea, the agency's head, Olga Dergunova, told reporters on Nov. 5.

The agency is ready to sell stakes in oil giant Rosneft, hydropower company Rushydro, diamond producer Alrosa and airline Aeroflot, Dergunova said.

The government has recently recommended the agency speed up large asset sales irrespective of market conditions, she added.