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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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
U.S. negotiators Steve Witkoff and Jared Kushner will visit Russia then Ukraine over the weekend, Russian state news agency TASS has reported, citing an unnamed source. Ukrainian President Volodymyr Zelenskyy has also said American envoys will visit the capitals of both countries.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 4th of September, covering the latest developments.
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