06:16 GMT +316 December 2018
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    Russia seeks to increase privatization in 2006

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    MOSCOW, July 19 (RIA Novosti) - Russia's Economic Development and Trade Ministry has proposed that the government privatize about 500 joint-stock companies in 2006, a ministry spokesman said.

    On Monday the ministry submitted a privatization plan for 2006, which includes proposals to sell state-owned shares of 470 joint-stock companies and 1,030 state unitary enterprises.

    The plan calls for the privatization of several major companies, including the Russian truck-manufacturing giant Kamaz (comprised of 110 subsidiaries) and SG-trans, a major Russian transporter of liquefied natural gas, with over 20,000 customers in Russia, the CIS, and the Baltic states.

    The Economic Development and Trade Ministry said it is able to make changes to the privatization plan before the Russian government reviews it on August 4.

    A draft list of enterprises to be sold next year by the ministry is being drawn up in coordination with relevant departments.

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