Investors look to Dmitry Medvedev (left) to champion the cause for privatization. But Russia’s prime minister hardly sounded overly confident as he reviewed the government’s plans to sell off state assets on Monday.
“We have quite serious plans to raise around Rbs200bn ($5.7bn) from privatisations this year and I hope the plan will be fulfilled,” Medvedev told a government meeting. “We should not drag it out, but at the same time we should consider the economic circumstances in the world and in the country.” Read more
Be nice to the little guy
Rosneft has finally caved in to pressure and offered to buy out minority shareholders in TNK-BP at a premium to the market price.
Minorities believe they got a raw deal when Rosneft took over the Anglo-Russian oil major this year and are hoping to do better. Rosneft thinks it’s doing them a favour, but the end to this saga is still a long way off. Read more
The star turn at the World Economic Forum in Davos on Wednesday belongs to Dmitry Medvedev, the Russian prime minister, who will once again try to convince sceptical business people why they should invest in his country, writes Stefan Wagstyl.
It will be the third such appearance by a Russian leader in Davos in just five years. There’s not much chance that the foreign investors’ views will change that much – but Medvedev is likely to have interesting things to say about Russia’s $10bn privatisation programme. Meanwhile, here, below the break, is a guest post from his WEF hosts, spelling out Russia’s economic challenges. Read more
By Dmitry Medvedev
In a few days many heads of state and government will take part in the Asia-Europe Meeting (ASEM) in Vientiane, Laos. This forum is unique. Established in 1996, it brings together countries from Europe, South Asia and the Pacific region to debate our increasing global interdependence, including the need for deeper regional integration.
When Russia joined ASEM in 2010 it was of great importance, not only for us and the organisation itself, but for the entire system of international relations. It allowed us to literally “connect” two influential political and economic centres in the world. And it is increasingly clear that sustainable global development requires a system of interconnected yet independent regional integration mechanisms. Read more