The Russian Ministry of Finance is outlining plans to monetize assets held by companies that were nationalized in recent years. This development was reported by Vedomosti. (Vedomosti)
During an expanded meeting of the board of directors of the Federal Property Management Agency, Finance Minister Anton Siluanov signaled a substantial shift in expectations for privatization, describing a goal that could be about one hundred times higher than earlier projections. (Vedomosti)
The minister noted that the 2024 budget initially anticipated additional privatization proceeds of 1 billion rubles. However, there is now a concerted push to revise upward those revenue expectations, aiming to secure at least 100 billion rubles from state asset sales. (Vedomosti)
At the same event, Siluanov commended the performance of the Federal Property Management Agency in 2023, highlighting that the agency completed the sale of assets totaling 21 billion rubles and achieved cost optimization that reduced expenditures of state-owned enterprises by more than 8 billion rubles. (Vedomosti)
Looking ahead, discussions are planned on March 13 where the Duma and the government will consider proposals related to progressive taxation. (Vedomosti)
Earlier, Russia approved conditions governing the exchange of frozen assets, signaling ongoing adjustments in the government’s approach to asset management and fiscal policy. (Vedomosti)