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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Turkey strikes northern Iraq from air, says it kills PKK members
Judge in Trump hush money case to consider jailing Trump
Russia detains journalist Kevorkova, son says
IAEA chief seeks tougher nuclear checks in Iran, with limited leverage
EU ends rule of law proceedings against Poland under liberal Tusk
Trump to return to New York courtroom for criminal hush money trial
Lamborghini bros no more: Crypto is creating a new wealth effect
Amazon driver fatally shoots person trying to steal vehicle at gunpoint, US cops say
Microsoft ties pay for top bosses to meeting cybersecurity goals
TikTok’s boss goes from reserved tech exec to Met Gala chair

Others Also Read