Authorities don't plan to sell stakes in large state-owned companies — finance minister

Business & Economy December 25, 10:55

Anton Siluanov said that that this year authorities have sold more property than it was initially planned

MOSCOW, December 25. /TASS/. The Russian authorities do not plan to sell stakes in large state-owned companies, but it is possible that the companies themselves will offer this in 2025, Finance Minister Anton Siluanov said in an interview with Rossiya 24.

He said that that this year authorities have sold more property than it was initially planned.

"This year we will receive more than 130 billion rubles ($1.3 bln) in such income from privatization, from the sale of property, which is higher than our plans. This policy will continue next year," he said, adding that next year they plan to receive 80 billion rubles ($801 mln) from privatization.

Siluanov also said that Russia is not interested in keeping foreign assets, such as Carlsberg, under the control of the Federal Property Management Agency (Rosimushchestvo).

"The Russian authorities are not interested in keeping foreign assets, such as the property of the Danish company Carlsberg, under the management of Rosimushchestvo - a private company would be better able to handle them," he said.

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