29 Sep 2009 13:24

Russian govt to step up privatization process - Putin

MOSCOW. Sept 29 (Interfax) - The Russian government plans to step up privatization processes, Prime Minister Vladimir Putin said on Tuesday at an investment forum organized by VTB Capital.

"To the extent that the situation stabilizes, that the effects of the crisis are overcome, we plan to consistently and purposefully reduce state intervention in the economy and moreover, step up privatization processes," Putin said.

The government "has had to assume business risks from time to time" in preparing the anti-crisis program. It was also necessary "to make decision and carry out work for ineffective owners and management of enterprises," he said.