The Situation in the Public Sector and Privatization in Russia in 2014

The main developments over the past year in the sphere under consideration were the launch of the second three-year privatization program for the years 2014-2016; the approval of the new government program Federal Property Management until 2018; the transfer, by a court ruling, of JSC Bashneft back to Russian Federation ownership; the continuation of the active process of creation of integrated structures in the defense industry and related sectors; absence of any significant deals completed on the corporate control market with the participation of state companies; and the expansion, at the level of approved model documents, of the set of available instruments to be applied in the management of entities belonging to the public sector of the national economy