Russia to privatize 900 state enterprises by 2015

16:23, October 21, 2010      

Email | Print | Subscribe | Comments | Forum 

A total of 900 state-owned Russian enterprises would complete the process of privatization by 2015, said First Deputy Prime Minister Igor Shuvalov late Wednesday.

The Russian government has approved a privatization plan for the next five years of those enterprises from the sectors of aviation, energy, agriculture, banking, transportation, telecommunications, among others, said Shuvalov.

The plan has thus been submitted to President Dmitry Medvedev for approval. All the enterprises included in the list shall also finish drafting the implementing plan by the end of November, said Shuvalov.

The RIA Novosti news agency reported Thursday that for the first time in history, the Russian government has offered the sales of a quarter of Russian Railways monopoly in 2013-2015, and a 50 percent minus one share of Russia's largest shipping company Sovcomflot, in 2011-2013.

Other renowned companies included Rosneft, Aeroflot, RusHydro and VTB.

This has been the third time for the Russian government to announce privatization plans since last fall, each of which bigger in scale than its previous one.

Russian media has dubbed the plan as the second privatization of Russia, which aimed at reinvigorating state-owned companies and restructuring market architecture.

Source: Xinhua

(Editor:祁澍文)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion