15 June 2004 22:58
Russia plans to complete privatization in 2005-2007
"All federal property not used to perform the functions and tasks
of the state will be offered for privatization in 2004-2006," the
MOSCOW. June 15 (Interfax) - The Russian government plans to complete most of its privatization programs between
2005-2007 and collect 142 billion rubles in proceeds in three years, according to Finance Ministry documents submitted
to the Cabinet together with key indicators of the 2005 federal budget.
documents say.
The receipts of the federal budget from privatization in 2005 are
planned at 46 billion rubles, in 2006 at 47.8 billion, and in 2007 at
As a result, in 2007, property barred from privatization as well as strategic companies operating in national
security interests and infrastructure facilities of federal importance in monopoly sectors will remain federal property,
the document says.
In 2005-2007, the government intends to sell stakes in 3-4 major corporations that will be chosen in the process of
making tentative annual plans for privatizing federal property.
48.2 billion rubles.
The sums include receipts from the sale of company stakes, state and federal lands and the rights to rent them. [RU
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[Interfax] |
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