transactions for the sale of state shares to private companies to be transparent and strictly comply with the law. This statement was made today by Vladimir Putin, noting that the new owners of assets must be registered in Russia, and not offshore.
Transactions for the sale of state shares to private companies to be transparent and strictly comply with the law. This statement was made today by Vladimir Putin, noting that the new owners of assets must be registered in Russia, and not offshore.
The president held a special meeting with leading businessmen of the country. From his words, it follows that about any sale at bargain prices can be no question.
On the possible privatization of some state assets conversations going for quite some time, but before the start of today’s meeting, the President said that it is on it must be taken deciding which companies shares can be sold into private hands. That is, in fact, the state goes into the process from words to deeds. And given the importance of the topic, before the conversation the President noted a number of important points. Firstly, all privatization transactions must comply with the norms of the law of demand and be as transparent as possible. Secondly, the State must in any case retain control over strategic companies, that is controlling stake of 50% plus one share, must remain in state ownership.
“The implementation of state property should be economically justified, feasible, it is necessary take into account the market situation and market trends. Of course, we all know that some things contradict each other – you need to find a middle ground. There should be no sale of shares for a pittance, for a knockdown price. For a budget it will not do much good, besides, this practice is fraught with the capture of enterprises competing companies, which eventually also not the best for the market. It definitely should be avoided, “- Putin said.
With regard to the composition of the state-owned companies whose shares will be privatized , no official statements on this matter has not yet sounded, the list of companies is not public. But indirectly, it can be judged, for example, on the composition of the participants of the meeting with the president. It was attended by heads of major Russian companies, and each of the companies in recent years anyway it was mentioned as a candidate for possible privatization. It Railways, “Rosneft” and “Bashneft”, “Aeroflot”, Sovcomflot, “Alrosa”, and VTB. As can be seen from this list, it is (of course, if the list is correct) is really a major backbone companies. And perhaps that is why President dwelled on who should be sold stakes in these companies – he urged to pay attention to the quality of the investors, their reputation and experience.
“The new owners of privatized assets must be in Russian jurisdiction. “gray” schemes, the withdrawal of assets offshore, concealing the owners of shares are not allowed. We’ve been talking about deofshorizatsii, and in these conditions to go to the new privatization, allowing further ofshorizatsiyu Russian economy, wrong – the Russian president said. – And, of course you need to future investors and purchasers looking for their own resources or loans, but not from state-owned banks. To sense this will be a bit “.
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Vladimir Putin held a meeting on privatization
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Vladimir Putin held a meeting on privatization
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Vladimir Putin held a meeting, devoted to issues of privatization
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