The FAS said about the state control over 70% of the Russian economy

In Russia there was state-monopoly capitalism, the state is rapidly increasing its presence in the economy. This is stated in the report of the Federal Antimonopoly service (FAS) to the government, which read “Vedomosti”.

According to the FAS, the contribution of government and state-owned companies in Russia’s GDP has increased from 35% in 2005 to 70% in 2015. in addition, the number of state and municipal enterprises over the past three years has tripled, and organizations are still created in the markets with developed competition, where the use of administrative resources can be a serious threat, according to FAS.

Thus, according to the Agency, in recent years dramatically increased the number of the main enemies of competition on local markets of regional and municipal unitary enterprises.

The FAS also notes that the government are reluctant to part with his property. In particular, in 2012, extended the list of large enterprises to be privatized, and the state was going to reduce its stake in them or even go out of their capital, but later it decided to retain the ability to influence the management of these companies and does not want to give up control over them.

FAS emphasizes that the expansion of the state’s share in the economy strengthens the monopolistic tendencies in the country.