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By
Tai Adelaja
Russia Profile
02/13/2012
Major Russian energy companies have been trying to delay or opt out of the government’s ambitious privatization program ahead of an imminent power change in the Kremlin. Russia's outgoing president Dmitry Medvedev ordered more aggressive privatization of state stakes in key companies last June, as he pushed to attract “smart investments” to further his modernization agenda. Since then, some of the biggest and juiciest state assets have come under review for privatization. Many state-owned companies, however, have been resisting the move and some, especially in the energy sector, have adopted a wait-and-see attitude.
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By
Tai Adelaja
Russia Profile
02/13/2012
Major Russian energy companies have been trying to delay or opt out of the government’s ambitious privatization program ahead of an imminent power change in the Kremlin. Russia's outgoing president Dmitry Medvedev ordered more aggressive privatization of state stakes in key companies last June, as he pushed to attract “smart investments” to further his modernization agenda. Since then, some of the biggest and juiciest state assets have come under review for privatization. Many state-owned companies, however, have been resisting the move and some, especially in the energy sector, have adopted a wait-and-see attitude.© Russia Profile, 2011