Monday, November 29, 1999

Russia FinMin confirms preliminary privatisation plans

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Russia's Finance Ministry confirmed on Monday that it is proposing to the government a privatisation plan that would include selling stakes in the country's largest companies."Such a list does exist, but this is only a proposal," the ministry's press service said. "Nothing has been approved (by the government) yet."Finance Ministry sources told Reuters the plans call for the biggest sell-off of state assets in nearly two decades and could generate $29 billion in three years. They said it had been approved at a preliminary meeting chaired by Prime Minister Vladimir Putin.(Writing by Lidia Kelly)

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