The Russian government intends to give to the relevant regional authorities its shares in a number of federal enterprises. The transfers, which will occur in the last quarter of this year, are valued at up to 500 billion rubles. They will be used to offset federal debts towards the regions and will be considered as privatization revenues, according to a member of the State Property Committee. (Interfax, November 4)
World Bank to Release Credit to the Russian Coal Industry.