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  Monday, October 26, 2020
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Mikhail Fradkov has criticized the implementation of national privatization plans
Russian Prime Minister Mikhail Fradkov has criticized the implementation of national privatization plans. "We adopt grandiose privatization plans on paper each year, but only two or three major projects are implemented. Meanwhile, the rest are just good intentions," he said. According to Fradkov, privatization problems and those pertaining to federal property management are not diminishing. "This concerns cost-effective management of federal stakes, dividend policies and property management," Fradkov said. He said the government must chart more effective federal-property management criteria and that the mineral deposits bill must heed the interests of all Russian citizens, Fradkov added. "By examining this bill, we understand that it touches upon the interests of this country's citizens. Most importantly, it influences the interests of posterity," Fradkov said. He also noted that the Government must assume special responsibility in this case. "By setting the task of economic diversification, we understand that Russia's prosperity will depend on natural resources for a long time to come thereby stressing the need for frugally using our national wealth," he said. The regulation of the agro-industrial sector remains a key aspect, he noted. "Problems connected with fuel prices, spare-part shortages and inadequate attention to the agro-industrial sector are still seen as key aspects," Fradkov said.
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