The Economic Development Ministry has developed a plan to reform the country's state corporations, which will cease to exist in their current legal form by 2015.
Unlike 100 percent state-owned companies, such as Russian Railways, state corporations enjoy a special legal status that allows them to have both commercial and regulatory functions.
The government will forward the plan to President Dmitry Medvedev on Monday, the Slon.ru business portal reported. The web site obtained a copy of Economic Development Minister Elvira Nabiullina's letter to Prime Minister Vladimir Putin, which outlines the plan.
Medvedev has criticized state corporations for being ineffective and uncontrollable, and in November he ordered the government to set a timeline for their reform or disbandment.
The Economic Development Ministry discussed its plan earlier this year with the state corporations and government ministries, both of which "generally support" the proposed approach, according to the letter, a copy of which was posted on Slon.ru.
Under the plan, Rusnano and Rosavtodor would be restructured as joint stock companies by the end of this year.
Russian Technologies is to restructure its holdings and sell noncore assets, "keeping in mind its military and technical cooperation functions and its currently developing strategy," before becoming a joint stock company in 2014.
Both the Housing and Utilities Reform Fund and Olimpstroi will keep their status until their life cycles run out in 2013 and 2015, respectively, according to the laws that created them.
No firm decision has been made, however, about the future of three state corporations.
Rosatom's fate will be decided after 2011, depending on the "effectiveness of merging administrative functions in the industry with commercial activities," the letter said.
Transforming the Deposit Insurance Agency into a commercial entity is "not reasonable," and a new legal form will have to be created for state companies acting in the public interest. Vneshekonombank may also adopt this new legal status or become a joint stock company in 2012, after its commercial assets and operations are transferred to subsidiaries.
The ministry suggested introducing a bill that would increase oversight, monitoring and regulation of state corporations and companies; allow government agencies to perform checks; include independent directors to the boards; and other transparency measures.
The bill may be discussed by the State Duma as early as the spring session, the letter said.