The Russian Finance Ministry will draft proposals for a “large-scale privatization,” Finance Minister Anton Siluanov announced on Tuesday.
“We will put forward a proposal for ‘large-scale privatization.’ We believe now is the right time to bring this issue back onto the agenda for 2025. New development strategies for state-owned companies must be approved to enhance their role in achieving national goals,” Siluanov said, according to TASS.
According to Siluanov, the ministry believes the privatization of state-owned assets, including those seized through court rulings, should be accelerated, Interfax reported.
Russia’s Federal Property Management Agency (Rosimushchestvo) announced on Telegram that the Finance Ministry has added 59 new entries to the list of federal assets slated for privatization in the 2025–27 planning period. The new listings include 103 properties, ranging from buildings and land plots to movable assets. Auctions are scheduled for the second quarter of 2025.
Since 2024, Russia’s Prosecutor General’s Office has filed multiple lawsuits seeking the seizure of assets from various Russian companies. President Vladimir Putin said in April 2024 that the state’s seizure of businesses does not amount to a “reversal of privatization” since the lawsuits target owners whose actions or inaction “directly harm the country’s security and national interests.”
