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Medvedev confirms course towards privatization of state property

According to Medvedev, privatization is a key factor of Russia’s economic development in the next five to seven years

Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, October 14 (Itar-Tass) —— Russian Prime Minister Dmitry Medvedev pledged on Sunday to continue the course towards privatization of state property.

“It is vital for our country to continue the course towards privatization,” Medvedev said on Sunday after a session of the World Economic Forum. “Over the past three months, we have sold more than in the past three years.”

According to Medvedev, privatization is a key factor of Russia’s economic development in the next five to seven years. “We must outline the right guidelines, we must send a due signal to the entire world what kind of economy we want to have,” he said.

The Russian prime minister stressed that had assured participants in the World Economic Forum session that “does not want to see an economy totally controlled by the state.” “This is a road to nowhere and I hope we will not follow it,” he noted.

Medvedev highly assessed expert recommendations furnished at the Forum. “These recommendations must be used,” he stressed.

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