Russia set to launch "large privatization" initiative

The Russian Finance Ministry has announced that a "large privatization" initiative will be launched this year, involving the sale of more than 100 items of state property.

"We are going to propose a 'large privatization' initiative. We believe that now is the right time to revisit this issue in 2025. New strategies for the development of state-owned companies must be approved to enhance their role in achieving national goals,” - said Finance Minister Anton Siluanov at the meeting with Russia’s Federal Agency for State Property Management.

According to tass.com, the Finance Ministry expects to generate between 100 billion rubles ($1.22 billion) and 300 billion rubles ($3.97 billion) from the privatization of state-seized assets in 2025.

Tass also reported that the Finance Ministry has added 59 new items to the list of federal property set for privatization.

“The ministry has once again updated the list of federal assets, with 59 new positions for privatization outside the forecast plan for the 2025-2027 period,” the report said.

In total, the list consists of 103 items of state property, including moveable assets,  buildings, premises, and land plots currently occupied by them. The auction is scheduled for the second quarter of 2025.

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