Russian government slashes privatisation targets


  • World
  • Thursday, 27 Jun 2013

Russian President Vladimir Putin speaks during his address at the opening of the St.Petersburg International Economic Forum in St.Petersburg June 21, 2012. REUTERS/Sergei Karpukhin

MOSCOW (Reuters) - The Russian government halved its privatisation target for next year on Thursday, as Kremlin officials loyal to President Vladimir Putin tightened their grip on economic policy.

The revised privatisation agenda rolls back a $50 billion, multi-year drive to dispose of state assets that was launched in 2010 by reformist former Finance Minister Alexei Kudrin but has been only fitfully implemented.

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