Privatization in Russia brought 132 bln rubles to budget in 2024, over half came from sale of Rolf, chemical companies - Rosimushchestvo

MOSCOW. March 18 (Interfax) - The Federal Property Agency (Rosimushchestvo) transferred 473 billion rubles to the federal budget in 2024, of which dividend payments from companies with state participation amounted to 307 billion rubles, the head of the agency Vadim Yakovenko said at a summary board meeting.

The planned target (405 billion rubles) for budget transfers from state property management in 2024 was exceeded 16.8%, Rosimushchestvo said.

As reported, Rosimushchestvo transferred 398 billion rubles to the federal budget in 2023, of which dividend payments from companies with state participation amounted to 339 billion rubles.

As a result of the privatization of treasury property and corporate assets, 132 billion rubles were received by the budget system in 2024, against a plan of 6 billion rubles.

The largest sales were of assets seized by the state through lawsuits filed by the Prosecutor General's Office, Yakovenko said.

The Rolf group of companies was sold for 35 billion rubles, and companies in the chemical sector (Volzhsky Orgsintez , Metafrax Chemicals and Mining and Chemical Company Bor) were sold for 38 billion rubles, with a number of investment and qualification conditions set.

The sale of companies in the agricultural sector added 42 billion rubles to the budget.

Speaking at the Rosimushchestvo board meeting, Finance Minister Anton Siluanov set the task of ensuring that privatization in 2025 also brings at least 100 billion rubles to the budget, including from assets transferred to the state through court decisions.

The Finance Ministry considers it appropriate to place the issue of so-called large-scale privatization on the agenda in 2025, Siluanov said.