Putin: the state will keep controlling stakes in large companies

Putin: the state will keep controlling stakes in large companies


The question always arises, is now the market conditions, to sell to be positive for the economy and budget property. I try in these decisions not to intervene, especially because controlling the state in these companies do not lose, said Putin at a big press conference.

MOSCOW, 17 Dec. The Russian authorities will continue the privatization of large state-owned companies, said the President of the Russian Federation Vladimir Putin.

“The privatization of major companies, two tasks are solved, we all know well. The first task — it is not associated with fiscal or revenue for the budget functions, although this is also important. But most importantly — in changing ownership structure with the purpose of increase of efficiency of functioning of enterprises”, — said Putin, speaking at a press conference.

“Of course, the question always arises, is now the market conditions, to sell that valuable, so to speak, bringing positive results for the economy and budget property. Here you never know the situation or the wrong situation. Although this year, in 2015-ohms, as you know, the government did not take decisions relating to such privatization,” he said.

“I do not exclude that in order not to scorch the reserve, and to provide income and to change the structure of some of these large companies, the government and go to these decisions. I try in these decisions not to intervene, especially because controlling the state in these companies do not lose”, — said Putin.

Critical questions, key statements, photos from the event and video — online-a report from the press conference of Vladimir Putin on ria.ru >>