Russian authorities are set to initiate a privatization drive aimed at selling state-seized assets valued at at least 100 billion rubles (approximately $1.22 billion) in 2025, Finance Minister Anton Siluanov announced at a meeting of the Federal Agency for State Property Management.
“We plan to intensify the privatization of property coming into the Treasury,” Siluanov said, adding that the process should secure more than $4.9 billion in dividends over the course of next year. However, he did not specify how the proceeds would be utilized.
Siluanov also noted that new development strategies for state-owned companies would need to be approved to enhance their role in achieving national goals. In a further move, the Finance Ministry has supplemented its list of federal property subject to privatization—adding 59 new items. These additional assets, which include 103 objects ranging from movable property to buildings, premises, and land plots, will be privatized outside of the forecast plan for 2025-2027.
The auction for these assets is scheduled to be held in the second quarter of 2025. The process reflects Russia’s broader efforts to streamline state assets and generate revenue amid evolving economic and strategic priorities.
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple mi...
UN teams have deployed to Syria’s coastal Latakia province, where wildfires have been burning for four days, forcing hundreds of families to flee an...
The Federal Road Safety Corps (FRSC) confirmed that 21 people died in a crash early Sunday morning on the Zaria-Kano expressway in Nigeria....
U.S. fighter jets intercepted a civilian plane near President Donald Trump’s Bedminster, New Jersey, golf club on Sunday. This marked the 11th unaut...
The death toll from the collapse of a residential building in Karachi has risen to 27, Pakistani officials confirmed on Sunday, as a three-day rescue ...
Armenia’s Foreign Ministry has reaffirmed that the country’s territory cannot be used by any third party to carry out military operations against neighbouring states.
UN Secretary-General Antonio Guterres condemned Russia’s recent large-scale drone and missile attacks on Ukraine, calling them the biggest since the war began over three years ago.
Russian air defences intercepted four Ukrainian drones targeting Moscow on Saturday, prompting brief flight suspensions at major airports in the capital and other cities.
Ukraine’s top military commander, Oleksandr Syrskyi, warned on Saturday of a possible new Russian offensive in the Kharkiv region. The area in northeastern Ukraine has seen heavy fighting since Russia’s full-scale invasion in 2022.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Following a deadly glacier collapse in Blatten, near the Swiss Alpine village of Kandersteg, the town is on high alert as melting permafrost and shifting rock threaten another potential disaster after it was buried a month ago.
China’s northern and western provinces are on high alert for flash floods and landslides as intense monsoon rains continue to overwhelm defences, killing at least seven and displacing communities across the country.
U.S. Treasury Secretary Scott Bessent has urged Elon Musk to steer clear of politics and prioritise his companies, after the Tesla CEO announced the formation of a new political party in defiance of President Donald Trump.
TikTok is building a new version of its app for U.S. users ahead of a planned sale to American investors, The Information reported, as President Donald Trump prepares fresh talks with China over the platform’s future.
BRICS leaders meeting in Rio de Janeiro have condemned attacks on Iran, Gaza and Kashmir, while presenting the expanded bloc as a rising force for multilateralism in a world dominated by U.S.-led policies.
Israel’s Minister of Defense announced the launch of Operation Black Flag, with the Israeli Defense Forces (IDF) carrying out strikes on multiple military targets belonging to the Houthi movement in Yemen.
UN teams have deployed to Syria’s coastal Latakia province, where wildfires have been burning for four days, forcing hundreds of families to flee and destroying large areas of farmland and infrastructure.
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