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Russia unveiled Thursday a scaled-down state assets privatization drive that is now valued at $50 billion and keeps the Rosneft oil giant under government control.The new three-year plan through 2016 emerged after the energy-export-driven country's top economic officials went through a list of all the big enterprises that still remain in state hands.Economists said the scale of the project is about half the size of the original plan.Privatization is emerging as a vital source of income for Russia because of its recent economic underperformance,nike lebron 10, with many fearing that the country may slip into recession by the end of the year.But top ministers and other officials have been loath to part with industries over which they exercise control.One of the most notable revisions of the medium-term program was the decision not to let the government's control of the Rosneft behemoth - Russia's biggest oil company and the largest listed energy firm in the world - fall to less than 50 percent.The firm is headed by Igor Sechin,longchamp, who is one of Russia's biggest power brokers and a close associate of President Vladimir Putin.Analysts expressed disappointment with the government's latest initiative.AFP
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