VLADIVOSTOK, October 3 (RIA Novosti) - The Russian government will go ahead with privatizations next year by putting to auction state-owned stakes in some companies, a Russian first deputy prime minister told the Rossiya TV channel on Saturday.
"The Russian government is currently working on a privatization program for the next year. As of now, the list already contains quite a lot of companies in which state-owned stakes will be sold," Igor Shuvalov said.
He said privatizations would help these companies raise an extra capital through an IPO or bring extra funds to the federal budget through the sale of assets.
Shuvalov said the government would conduct a thorough analysis prior to selling its assets.
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The growing outright rivalry between the United States and China gives Russia more foreign policy weight, enabling it to assume the role of a balancer. So far it has been doing so rather skillfully. Today it may participate in a joint naval exercise with China that Beijing positions as outwardly anti-American. But tomorrow it can team up with the naval forces of the Old World.