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.
Russian President Vladimir Putin criticized the recent U.S. airstrikes on Iran's nuclear facilities as unjustified and warned they are driving the world toward heightened instability. He met with Iran’s foreign minister in Moscow, offering support while calling for efforts to ease tensions.
Italy has frozen Russian oligarchs' assets worth €2.3 billion ($2.6 billion) since the 2022 Ukraine invasion, as part of European Union sanctions, with additional seizures targeting Iranian-linked companies accused of aiding Moscow.
Iran's top diplomat has travelled to Moscow with a message from Supreme Leader Khamenei, seeking greater support from Russia after the most significant U.S. military action against Iran in decades.
Overnight Russian drone and missile attacks on Kyiv killed at least six people, injured dozens, and damaged residential buildings and a metro station serving as a bomb shelter, Ukrainian officials said.
Senior Russian officials have condemned the United States’ recent military strikes on Iran, warning of a spiralling regional conflict and accusing U.S. President Donald Trump of igniting a "new war" that could backfire by strengthening Iran's leadership.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
Goldman Sachs economists have warned that any significant disruption to oil shipments through the Strait of Hormuz could push Brent crude prices over $100 per barrel, potentially causing a sharp rise in transport costs, inflation, and slowing global growth.
The UK government announced plans to cut green levies on thousands of businesses, aiming to reduce soaring energy costs and boost the manufacturing sector, particularly in Labour strongholds.
Germany’s federal government spent over 1.2 billion euros on software, licenses and IT services in 2024, more than 25% higher than the previous year.
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
Two Nigerian communities will take Shell to trial in the UK in 2027 after winning a court ruling over Niger Delta oil pollution.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometers north of Baghdad.
Three explosions were heard in Tehran early Tuesday, shortly after the Israeli army issued an evacuation alert for the city’s Seventh District, warning of possible strikes..
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire that will end the 12-day war between the two countries.
UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy met in London on Monday and signed a new agreement aimed at increasing Ukraine’s production of unmanned aerial vehicles (UAVs).
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