The Russian government has outlined the main privatization goals of federal assets in 2010-12, including a decision to reduce the list of enterprises and joint-stock companies (JSCs) classified as state’s strategic assets. “The government plans to privatize about 250 federal state unitary enterprises and stakes in 462 JSCs that meet the following criteria: declining financial condition, government participation, investment appeal and high market value. The plan also includes the privatization of enterprises removed from the list of strategic assets,” the government’s press department said.
Commenting on these decisions, Prime Minister Vladimir Putin noted that the government sees privatization as one of the key tools of executing structural reforms in the real economy. “This is why privatization must neither be free nor executed at subsidized terms. In other word, if a federal property must be sold, it should be sold at the real market price, without any discount,” Putin said, adding that the “proceeds from privatization will be a boost for the state’s deficient budget.”
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