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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North Korea has likely received technical help from Russia for its submarine development, South Korean Defence Minister Ahn Gyu-back told parliament on Monday (13 October).
Estonia has temporarily closed a road used by its citizens that runs through a small stretch of Russian territory after reports of Russian soldiers standing there, the country’s public broadcaster said Sunday.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
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Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
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A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
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NATO is reinforcing its eastern flank as Italy deploys Eurofighter Typhoons to Estonia, Finland opens a new Northern Land Forces Command, and European allies push for a continent-wide “Drone Wall” following Russian drone incursions that exposed gaps in the alliance’s air defences.
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