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.
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U.S. President Donald Trump said on Tuesday Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian...
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A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 23 June, covering the latest developments you need to know.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 22 June, covering the latest developments you need to know.
Fuel stations in Russian-controlled Crimea stopped selling fuel to individuals and businesses from 9:00 a.m. local time on Sunday, the Russian-installed governor said.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
Amnesty International has accused the European Union of being complicit in human rights abuses after authorities in eastern and western Libya intensified a crackdown on migrants and refugees through mass arrests, detentions and expulsions.
Belgium has issued 24-hour visas to a Taliban delegation attending European Union migration talks in Brussels, as EU member states explore ways to return some Afghans convicted of serious crimes or considered security threats.
Peter Murrell, the former chief executive of Scotland's governing Scottish National Party (SNP), has been jailed for five years and three months after admitting to embezzling more than £400,000 from the party over a 13-year period
Germany is preparing for one of the most significant reforms of its pension system in decades, as Chancellor Friedrich Merz backs proposals aimed at safeguarding retirement incomes in the face of rapid demographic change.
Authorities in Russia's Omsk region have imposed limits on petrol and diesel sales as officials seek to stabilise the local market and prevent speculation amid tightening fuel supplies.
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