Putin: we need to define specific options for privatization in 2016

Putin: we need to define specific options for privatization in 2016


Privatization plays an important role in changing the structure of the Russian economy and stimulate the flow of private investments, said President Vladimir Putin, stressing the need to define its specific parameters.

MOSCOW, 1 Feb. The President of Russia Vladimir Putin stated that it was necessary to determine the specific parameters of privatization in 2016, to decide what packages can be sold to private investors.

“This process plays an important role in changing the structure of the Russian economy and stimulate the flow of private investment. Today, we need to determine the specific parameters of privatization in the current year, to decide what packages of shares of state-owned enterprises can be sold to private entities, and which must remain in state ownership”, — said Putin.

The head of state noted that “the implementation of state property must be economically justified, feasible, you need to consider market conditions and market trends”.

“Of course I’m saying this, but we know that some things contradict each other, but we need to find a middle ground,” said Putin, noting that it is impossible to prevent the sale of the shares for a pittance and at bargain prices.