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Kremlin to Privatize Assets Amid Sanctions, Critics Warn

3/23/2025

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Summary

Story summary

In a bold move to combat economic decline from Western sanctions, the Kremlin is set to privatize state assets. Finance Minister Anton Siluanov targets stakes in 30 companies, hoping to raise around 300 billion rubles (£2.7 billion). However, critics warn that these minority stakes offer little influence, leaving the government firmly in control of vital industries.

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Story summary

In a bold move to combat economic decline from Western sanctions, the Kremlin is set to privatize state assets. Finance Minister Anton Siluanov targets stakes in 30 companies, hoping to raise around 300 billion rubles (£2.7 billion). However, critics warn that these minority stakes offer little influence, leaving the government firmly in control of vital industries.