"On the contrary, as it explicitly announces the sphere of its strategic interests, the state intends to go on with privatising all assets that will not hamper its duties," he reassured newsmen.
The federal Security Council staff crossed all t's and dotted all i's on the decree after the Cabinet drafted it.
The list comprises 518 federal government unitary industrial companies plus 546 joint-stock companies with stock in federal holding. The government stock varies from a blocking 25.5% to the entire, Mr. Dvorkovich went on.
The law on federal and municipal property privatisation grants the federal President the right to determine and enlist strategic companies.
The list approved yesterday includes companies, whether joint-stock or arranged on other patterns, that manufacture military-oriented produce and/or are of strategic purport for national security and to guarantee public morals, health, and citizens' rights and lawful interests-in particular, air companies, gas distributing offices, and essential research institutions. The companies on the list cannot shift to joint-stock patterns and offer their stock for sale unless the federal President decrees so, pointed out the expert.
The federal Cabinet will draft such presidential resolutions every year as it makes long-term privatisation blueprints. In that, the Cabinet proceeds from market studies and from specified standards on which unitary companies are qualified as strategic.
The companies on the list will be entitled to exceptional anti-bankruptcy guarantees, as envisaged by the federal law on insolvency/bankruptcy, added Mr. Dvorkovich.
As the presidential decree enters into force, it will automatically abolish a wealth of mutually uncoordinated bylaws that were previously limiting privatisation of particular companies. So now Russia will have unified arrangements, cleaned of inner contradictions, for federal property management and disposal, expects the President's head analyst.
