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.
Slovakia’s Prime Minister Robert Fico is the only EU leader attending Russia’s May 9 military parade, defying airspace bans and EU pressure to stay away.
Ukraine has accused Russia of breaching a 72-hour ceasefire ahead of Russia’s annual May 9 military parade, with both sides exchanging accusations of violations and continued clashes reported on the ground.
Turkmenistan will host the next session of the High-Level Working Group on the Caspian Sea, following constructive discussions in Moscow among the five littoral states on maritime cooperation and legal frameworks.
Russian President Vladimir Putin and Chinese President Xi Jinping reaffirmed their strategic partnership during WWII victory celebrations in Moscow, emphasizing unity against neo-Nazism and unilateral global actions.
Serbian President Aleksandar Vucic addressed his country from Moscow’s Red Square, emphasizing Serbia’s independence and commitment to historical values.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
North Korea’s leader Kim Jong Un supervised a missile test on Thursday, emphasizing the nation's nuclear combat readiness, according to state media KCNA.
EU foreign ministers will visit Lviv, Ukraine, on May 9 to discuss defense support and endorse plans for a tribunal on war crimes and aggression.
The election of U.S. Cardinal Robert Prevost as Pope Leo XIV has drawn an emotional response from clergy and laity across the globe, celebrating his historic rise as the first American to lead the Catholic Church.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
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Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
The European Commission has presented a roadmap to ensure the EU fully ends its dependency on Russian energy, while ensuring stable energy supplies and prices across the EU.
Before becoming Pope Leo XIV, Cardinal Robert Prevost shared rare insights on faith, unity, and modern challenges in a few candid interviews.
A humanitarian ship carrying 20,000 tons of Ukrainian wheat docked in Samsun, Türkiye, on Thursday, marking a major World Food Program initiative to supply crisis-hit regions, including Syria.
North Korea’s leader Kim Jong Un supervised a missile test on Thursday, emphasizing the nation's nuclear combat readiness, according to state media KCNA.
EU foreign ministers will visit Lviv, Ukraine, on May 9 to discuss defense support and endorse plans for a tribunal on war crimes and aggression.
The election of U.S. Cardinal Robert Prevost as Pope Leo XIV has drawn an emotional response from clergy and laity across the globe, celebrating his historic rise as the first American to lead the Catholic Church.
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