Russia may consolidate government holdings valued at more than 500 billion rubles ($17 billion) in a state corporation to spearhead the development of Siberia and the Far East, Kommersant reported.
The Economic Development Ministry has proposed transferring assets including a 15 percent stake in Russian Railways, 18 percent in Alrosa, 15 percent in Federal Grid Company, 14.8 percent in Inter RAO and 15 percent in RusHydro. A working group headed by Deputy Economic Development Minister Alexandra Levitskaya is due to draw up documents to create the new entity by the start of next week.
Emergency Situations Minister Sergei Shoigu, who first outlined the plan to create the entity in January, is a candidate to head the company.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
