A senior official in Russia’s finance ministry confirmed that both individuals and legal entities will be able to buy small state-owned objects through a new public marketplace. The deputy minister stated that the initiative is planned to be fully operational by year’s end, signaling a shift toward digitized asset trading that opens government-held items to a broader audience.
According to the deputy minister, the Federal Property Management Agency will complete inspection and digitization work, culminating in an online marketplace where buyers can find the items they need. The aim is to simplify access and streamline the process for acquiring small state-owned assets.
In practical terms, any buyer can participate. Prospective purchasers should first search the marketplace to locate an object of interest. To proceed, they select the option to indicate intent to buy. If the listing has references to the asset, an auction will be held. If no auction is triggered, the buyer can acquire the object at an estimated price and finalize the purchase within the marketplace by using a personal account to confirm ownership and execute the agreement.
The deputy minister noted that the ongoing digitization effort includes reconciling records, cadastral tagging, and defining the intended function of each asset. The overarching message is pragmatic: assets should be actively sold when there is demand, rather than left idle.
These steps reflect a broader modernization program aimed at increasing transparency, reducing delays in asset disposition, and expanding access to government-held items for stakeholders across Russia and beyond. The changes are framed as part of an ongoing effort to bring public assets into a centralized, searchable digital system that can be used by both individual citizens and corporate buyers. The initiative signals a move toward more efficient asset management and a clearer path to ownership in a market-based framework. The government emphasizes that the market will operate with standard procedures, clear pricing, and auditable transactions, ensuring accountability and ease of use for all participants. By creating a formal marketplace, officials hope to stimulate activity around state-owned assets and ensure that useful properties do not sit unused for extended periods. In summary, the project envisions a transparent, accessible, and digitized process for buying small state-owned objects, with the ultimate objective of turning idle property into productive ownership for buyers who need them. This perspective is attributed to senior officials within the Russian Ministry of Finance and the Federal Property Management Agency, as reported in Izvestia and cited in official briefings.