Putin approved a special procedure for the privatization of state property

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Russian President Vladimir Putin has signed a decree establishing a special procedure for the privatization of federally owned property. The document is published on the legal information website.

According to the decision, "in order to ensure the defense capability and security" of the country, privatization can be carried out with a number of features.

For example, the Russian government will select appraisers who will have to determine the market value of an asset within no more than 10 days.

The property should also be re-registered in a shorter period of time.

The possibility of selling such property through the PSB is being established.