Thursday, December 28, 2023

"Russia lists around 30 state companies for possible privatisation"

Fundraising Putin style?

From Reuters, December 21:

The Russian state may reduce its shareholding in some large companies while maintaining a controlling stake, and has listed about 30 companies for possible privatisation, Russian Finance Minister Anton Siluanov said on Thursday.

Shunned by Western capital, Moscow is seeking ways to foster more domestic private investment, increase economic efficiency and, ultimately, bolster budget revenues as it ramps up spending to fund its war in Ukraine.

"The ministry has made proposals to the government on large companies where the state's share is more than 50%, and proposed reducing the share without losing a controlling stake," Siluanov said in an interview on Russia 24.

"And this could be tens, hundreds of billions (of roubles)," he said, adding that the list was with the government and still required further discussion....

....MUCH MORE

If interested see also December 26's "Russia's Central Banker And Ukraine's War Dead".