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Government approves company privatization plan

Government approves company privatization plan
Photo: government.ru

The Russian government at the final meeting approved the privatization plan of 293 enterprises for 2020-2022. These included large companies.

The project envisages plans to reduce the state’s share in the authorized capital of seven largest companies: Almazyuvelireksport, VTB Bank, Sovcomflot, Kizlyar Brandy Factory, Makhachkala and Novorossiysk Commercial Sea Port, Rosspirtprom.

According to Deputy Prime Minister Maxim Akimov, whose words he cites RIA News, Aeroflot and Russian Railways were not included in the program. And First Deputy Prime Minister and Minister of Finance Anton Siluanov said that the plan for privatization also does not include Rosneft and Gazprom. According to him, the state has no plans to globally change its participation in these companies.

In November, the Ministry of Finance suggested reconsidering the issue privatization of the largest state-owned companies. It was about Aeroflot, RusHydro, Rosseti, Transneft and Russian Railways. It was assumed that privatization could be carried out in 2021. It was later stated that a new privatization plan could be included. Dom.RF, Russian Post, Rosgeology, Zarubezhneft, Sheremetyevo airport.

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