Bloomberg News

Putin Says State Asset Sales to Help Create New, Modern Economy

June 21, 2012

President Vladimir Putin reiterated his commitment to sell the Russian government non-strategic assets, saying state asset sales are needed to create a “new, modern” economy.

Putin was speaking at the St. Petersburg International Economic Forum in Russia’s second-largest city today.

To contact the reporter on this story: Stepan Kravchenko in Moscow at

To contact the editor responsible for this story: Brad Cook at

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