Russia’s bite-sized sell-off

Regional airports, tanker operators and river shipping lines – the list of assets up for grabs in the latest privatization round is unlikely to send foreign investors into a frenzy. But fatter prey may be about. Angus McDowall reports.

FROM THE ENTHUSIASTIC tones of Russia’s leaders, the eager investor might have been forgiven for expecting the crown jewels of the country’s state industries to be put on sale. In September the prime minister, Vladimir Putin, told a cabinet meeting that privatization was “a key instrument for structural reform in the real sector of the economy”. At a keynote speech in November, president Dmitry Medvedev pledged to reverse a recent tendency towards nationalization and to back a more liberal economy.

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