The head of the Federal Antimonopoly Service (FAS) Igor Artemyev said that the level of the state in the Russian economy reached a “red line.” This decline threatens economic efficiency, he said in an interview to television channel “Russia 24″.
“If we go further in this direction, we just provide absolutely inefficient resources in the economy and the citizens of this will only get worse”, – quotes the head of the Federal Antimonopoly Service Agency RIA Novosti.
According to him, Russia is necessary to invest in private equity, primarily to address the budget and social issues. First of all, in his opinion, it is necessary to create jobs and provide new results every time that the private business is doing much better.
Artemyev welcomed the privatization of non-core assets of natural monopolies. According to him, such assets have each a monopoly, and such companies pay ordinary consumers, due to which someone swims in the pool, relaxing after work, receives additional education for their children, or gets a free medical insurance policy. “That all these things are done at the expense of the citizens, it is unacceptable,” – he said.
In December 2015, against the backdrop of deteriorating economic conditions and falling oil prices the Ministry of Finance proposed to increase the budget revenues from privatization of state-owned major Russian companies. On the big press conference at the end of the year, President Vladimir Putin confirmed that the state can go for privatization of state-owned companies, “not to burn the reserves.” In early February, it held a meeting with members of the government, in which Putin announced the terms of large-scale privatization. Later, the head of the Ministry of Economic Development Alexei Ulyukayev said that the greatest chance of privatization in the current year are “Rosneft”, “Bashneft” and ALROSA.
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