State-owned companies to IPO for ₽1 trillion

Bank of Russia, Ministry of Finance and Ministry of Economic Development are now discussing the details of a federal project that will be based on public offerings. By the end of 2030, it is planned to hold IPOs of companies with state participation worth up to ₽1 trillion. About 30 state-owned companies already have a decent performance indicator, information disclosure and are ready to go public, said Deputy Finance Minister Ivan Chebeskov.