Russia’s President Dmitry Medvedev today ordered his cabinet to prepare a schedule to sell its controlling stakes in some key state companies.
Medvedev made the call in a budgetary address, saying the sell-off of state assets must be one of the government’s priorities in the coming years.
“The role of the state in managing economic assets should be significantly lowered,” he said. “The government should determine a schedule for privatization of big stakes in the state-controlled companies. The state should diminish its share to below the controlling stake level or should give up all such shareholding, if necessary.”
Medvedev said the privatization of state assets would attract more foreign investment and encourage competition.
Earlier this week, Finance Minister Alexei Kudrin said that the government plans to sell controlling stakes in Rosneft oil company and the national airline, Aeroflot, and other top state-controlled companies over the next three to five years.
He said the state expects the sell-off to yield about $30 billion over the next three years.
compiled from agency reports
THE COMMENT FINE PRINT - IN DEFENSE AGAINST MENTAL MIDGETS:Why do you not respond to my comment? Why is my comment gone? Why are you mean? Why do I hate you for erasing my comment? Why do you hate me for my comment? Why is cussing not allowed (Sometimes you do it - sorta!), when it helps me express my feelings? Why are you a #$&%@#? Why is it wrong to wish you dead? Why do you love Russia? Why are you stupid? Why are you unpatriotic? Why is, why is, why is and why is? My GOD man, Why are you worse than a communist?
The above manifestations of a horde of mental midgets is why I only respond to comments that have signed up to be a user of the blog! (Top right of website is link!) Anyone can comment and anyone can be erased after they comment, but only someone who takes the time to sign up gets a second look from me at the comment. Sorry: I have to draw the line somewhere and when you get thousands of spam, hate and death threat comments a day, then all you do is look at spam, hate and death threats, then I never get anything else done. If you comment after signing in, then I will get a message that someone has tried to post a real comment?
Thanks for understanding and even if you don't understand, thanks anyway...
Another day in the life of Windows to Russia...