Russian Finance Ministry suggests privatizing stakes in seven major companies by 2026 – deputy minister
The Russian Finance Ministry has put forth a proposal to reduce the state’s ownership in seven major companies through a privatization process in 2026. Deputy Finance Minister Alexei Moiseyev revealed this plan to journalists, highlighting the potential revenue boost of 100 to 300 billion rubles that could be generated for the treasury.
Moiseyev emphasized the importance of starting preparations now for the privatization initiative as it is a time-consuming process that requires significant lead time. Russian Finance Minister Anton Siluanov also emphasized the timeliness of revisiting the privatization strategy, signaling a renewed focus on reducing the state’s stake in key companies.
While specific organizations have not been named yet, Moiseyev mentioned that around seven companies are being considered for privatization in 2026, down from an initial list of 30 proposed in 2023. The government’s approval is crucial for moving forward with the privatization plan, and preparations for the process involve potential legal and organizational restructuring of the companies to attract investors.
Moiseyev refrained from disclosing the industries in which the companies up for privatization operate, citing reasons related to market regulations and potential legal implications. However, he hinted that the Central Bank of Russia recently held discussions with leading company heads regarding market manipulation and insider trading, underscoring the need for transparency and compliance in the process.
In terms of projected revenue from the privatization effort, Moiseyev estimated that the treasury could gain between 100 and 300 billion rubles from the sale of shares in the identified companies. This estimation does not include additional revenues from asset sales resulting from court rulings that transferred ownership to the treasury.
The Finance Ministry has already submitted its privatization proposals to the government for review. While some government agencies have shown reluctance towards the initiative, Moiseyev acknowledged that there is support from certain quarters. Ultimately, the government’s stance will play a crucial role in determining the feasibility and execution of the privatization plan.
In addition to the privatization agenda, Moiseyev mentioned plans for an IPO of DOM.RF in 2025, tentatively scheduled for the fourth quarter or late third quarter. The timing of the IPO will hinge on recommendations from consultants regarding favorable market conditions and strategic opportunities for the company.
