Russia's Prime Minister Dmitry Medvedev has approved changes to the forecast federal property privatization plan and privatization priorities for 2014-2016 adding 426 assets to the list. The corresponding order is published on the Government's website.
"These assets were included in the forecast federal property privatization plan (program) for 2011-2013 and have not been privatized," the government commented in an explanatory note. Based on the data from the federal property register, information on some of the companies (names, locations, types of business, stakes owned by the Russian Federation) has been updated.
The full list of assets intended for privatization is specified in the government order.
"The privatization of the state-owned shares in the joint stock companies will increase the fiscal revenues frin privatization, enable the companies to enter the market and to change their corporate governance models," the document points out.