Putin adviser offered to return the “burnt” deposits through privatization

To enhance the trust of the population to the planned “big privatization” of state assets could the involvement of millions of ordinary Russians, said the Advisor to the President of Russia Sergey Glazyev. He declared it in interview “Газете.Ru”. According to him, after voucher privatization of the 1990s, the people retained a “deep mistrust” towards the state and business, the majority of Russians believe that they were deceived, and this prevents the restoration of the country’s “social peace and harmony”.

To solve the problem, as suggested by Glazyev would help attract millions of ordinary Russians to the new privatization. And since their money from teachers, doctors and other state employees for the purchase of shares not, these funds, according to Glazyev, should give the state. As compensation for the contributions “burnt” in the savings Bank during the hyperinflation after the collapse of the USSR.

“If we restore these savings, with the proviso that the money can only be used for investment purposes, then we can solve the problem of involving citizens in privatization. If we can recover savings and to get people involved in the management of privatized state property, we thereby and the credibility of this privatization will intensify, and this will soften the split in society, which exists today in connection with the results of privatization,” — said Glazyev.

Advisor to the President noted that previously paid as repayment of Soviet debt amount can be called only symbolic compensation. Honestly after paying the population (including the heirs of deceased depositors of the savings Bank), the government, according to Glazyev, could solve not only the problems of privatization, but also “a very serious social problem” of people’s mistrust.

In addition, Glazyev advocated involvement in the planned privatization and those Russians who make deals on the financial market (their number he estimated at about a million people), as well as employees of the privatized enterprises.

“The more involvement of people in management, the higher the efficiency, because what is involved is the motivation of a common cause. Therefore, I would allow exemptions for employees of corporations will be privatized, concessions for the purchase of shares,” — said Glazyev.

Adviser to the head of state also noted that the new privatization Putin instructed to carry out “maximum transparency” and publicity, and, if these principles be met, it can become effective.

“I hope the relevant authorities to verify, where did the new money from privatizers. The purity and legality of capital when privatizing state property is the rule in all civilized countries. This is to ensure that the privatization was not used to launder illegally obtained income,” said Glazyev, noting the risk to buy up state assets can be used about $50 billion earned by speculators in the manipulation of the ruble.

Advisor to the President also warned that if new privatization in Russia will be sent to the “private interests of lobbyists looking to cash in on the appropriation of the most tasty morsels”, nothing good from it will not work.

In early February the President of Russia Vladimir Putin during the meeting with members of the government identified “key points” that must be the sale of state assets, emphasizing the unconditional transparency of privatization transactions, their economic feasibility and the need to pay more attention to “quality investors”.

“It is necessary that prospective investors and purchasers seek their own resources or loans, but not from state banks. There’s a little,” — said Putin.

Later, the Minister of economic development Alexei Ulyukayev said that the greatest chances for privatization this year are “Rosneft”, “Bashneft” and ALROSA. The Minister noted that first of all will be privatized “public companies that are quoted on the market and therefore technically and legally it is best prepared and best known to the investor.”