MOSCOW (Realist English). Russian Prime Minister Mikhail Mishustin met on Tuesday with Vadim Yakovenko, head of the Federal Agency for State Property Management (Rosimushchestvo), to discuss the results of the agency’s work and its plans for the coming year. The meeting covered federal asset privatization, the integration of land into economic circulation, and the ongoing inventory of cultural heritage sites.
Mishustin stressed the importance of efficient property management, noting that revenues from sales and leases directly fund schools, kindergartens, and social infrastructure. “The quality of life of Russian citizens and the achievement of national development goals set by the President depend on how effectively these assets are managed,” he said.
Yakovenko reported that Rosimushchestvo contributed ₽473 billion to the federal budget in 2024, including ₽307 billion in dividends. Over the past three years, the agency has added more than ₽1.6 trillion to the treasury. Last year alone, privatization generated ₽132 billion — a fivefold increase compared with 2023. Major transactions included the sale of the state’s stake in the Bashkir Soda Company for ₽17 billion. By the end of 2025, Rosimushchestvo expects privatization revenues to reach about ₽90 billion.
The agency has also transferred nearly 600,000 hectares of land into economic use, including projects in St. Petersburg, the Leningrad region, and several agricultural areas. Yakovenko emphasized the role of a 2023 federal law that allows Rosimushchestvo to sell assets worth up to ₽50 million without inclusion in the state privatization plan, speeding up the process.
A significant part of the discussion focused on cultural heritage. An inventory conducted with the Federation Council identified more than 6,000 federal sites in poor condition, including 1,814 heritage monuments. Restoration has been completed on 56 sites, while work continues on 61 others. Yakovenko highlighted that 600 properties were transferred to regions for social projects, including a rehabilitation complex for veterans of the special military operation in Yakutia and historical building renovations in Moscow and Murmansk.
Mishustin called for further digitalization and transparency in property management. “It is essential to maintain a reliable registry of state assets so that citizens and businesses can easily identify opportunities for investment, leasing, or acquisition,” he said, urging the use of modern automation tools to ensure efficiency.
