“State-owned stake in 1,115 enterprises will be fully sold to a private sector” – draft presidential decree

The draft resolution of the President “On additional measures to reduce the state’s share in the economy” has been posted for discussion.

It was noted that the working groups on the reform of state-owned enterprises, headed by the Prime Minister, his deputies and presidential advisers, critically analyzed state-owned enterprises and made proposals to drastically reduce their share in the economy.

The following list of enterprises with the state participation, as well norms and measures will be approved to simplify the process of privatization of state assets and accelerate the process of their sale:

- 1,115 enterprises with state-owned stakes (shares), which will be fully sold to the private sector;

- 42 enterprises, which will be proposed for implementation of PPP projects;

- 153 enterprises, which will be transformed into state institutions;

- 110 enterprises, which will be reorganized as branches;

- 708 enterprises, against which liquidation or bankruptcy processes will be applied;

- 555 enterprises, in which the state shares will be fully or partially maintained with the introduction of the principles of the Strategy for ownership, management and reform of state-owned enterprises in 2020-2025;

- the list of state real estate objects, which will be sold to the private sector (125 objects).