Support The Moscow Times!

New Privatization Plan Filed

Russia plans to step up its privatization program, disposing by 2017 of the government's 75.5 percent stake in VTB, 75.16 percent stake in Rosneft and 14.79 percent of Inter RAO, a copy of the plans showed.

First Deputy Prime Minister Igor Shuvalov has submitted a new list of companies to be privatized to President Dmitry Medvedev, sources in the government said Tuesday.

The new privatization draft also envisages selling 60 percent in RusHydro along with the privatization of diamond miner Alrosa, in which the government holds 50.9 percent, while the Sakha republic owns 32 percent and municipalities in the remote region have 8 percent. The deadline to decide on an accelerated privatization program is Aug. 1.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.