In Russia, State Firms Will Stay Public for Now

Jan 29, 2016 | 09:00 GMT
In Russia, State Firms Will Stay Public For Now
Russian President Vladimir Putin visits a Rosneft refinery in the southern Russian port of Tuapse on Oct. 11, 2013.

Moscow is once again taking a hard look at its finances during this period of prolonged economic woe, this time considering privatizing of some of Russia's large state-owned firms and entities. Such a plan could help cover the possible shortfall looming over the federal budget. Whether the government can overcome the elite who want to maintain control over the companies, however, remains to be seen....

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