Russia to start $1.2B privatization process: Report

ISTANBUL

Russian authorities intend to sell off at least 100 billion rubles ($1.22 billion) worth of state-seized assets in 2025, Finance Minister Anton Siluanov said Tuesday according to state news agency Tass.

“We plan to intensify the privatization of property coming into the Treasury,” Siluanov told a meeting of Russia’s Federal Agency for State Property Management.

In addition, Siluanov said that in 2025, the receipt of more than $4.9 billion in dividends should be ensured.

He did not elaborate on the authorities' intended use of the money that will be earned by privatization.

“New development strategies for state-owned companies will have to be approved to increase their involvement in achieving national goals,” he said.

Tass also reported that the Finance Ministry has added 59 items to the list of federal property, the privatization of which is carried out without inclusion in the forecast plan.

The ministry “again supplemented (59 positions) the list of federal property, the privatization of which is carried out without inclusion in the forecast plan (program) of privatization for the planning period 2025-2027,” said the report.

The new lots include 103 objects in the form of movable property, as well as buildings, premises, and land plots occupied by them. Thus, the auction is set to be held in the second quarter of 2025

ISTANBUL

“We plan to intensify the privatization of property coming into the Treasury,” Siluanov told a meeting of Russia’s Federal Agency for State Property Management.

In addition, Siluanov said that in 2025, the receipt of more than $4.9 billion in dividends should be ensured.

He did not elaborate on the authorities' intended use of the money that will be earned by privatization.

“New development strategies for state-owned companies will have to be approved to increase their involvement in achieving national goals,” he said.

Tass also reported that the Finance Ministry has added 59 items to the list of federal property, the privatization of which is carried out without inclusion in the forecast plan.

The new lots include 103 objects in the form of movable property, as well as buildings, premises, and land plots occupied by them. Thus, the auction is set to be held in the second quarter of 2025