Putin Reviews Federal Property Management as Russia Reports Major Privatisation Deals and Asset Transfers
Moscow, November 13, 2026: Russian President Vladimir Putin has received a briefing on the operations and financial performance of the Federal Agency for State Property Management (Rosimushchestvo), with its head, Vadim Yakovenko, highlighting major privatisation transactions, increased federal revenue, infrastructure development and the management of state-owned assets.
During a meeting at the Kremlin on Friday, Yakovenko outlined the agency’s efforts to improve the economic utilisation of federal property and generate additional income for the national budget through privatisation, property sales, leasing arrangements and the commercial use of government-owned resources.
Major Privatisation Transactions Generate Significant Revenue
One of the most notable developments presented during the briefing was the sale of the Yuzhuralzoloto group of gold-mining companies for 93 billion roubles.
According to Yakovenko, the group represents one of Russia’s largest gold-producing businesses and also has operations in the coal sector.
The agency also completed the sale of two other major business groups: Domodedovo, which operates in the Moscow Region, and Raven Russia, a company associated with 18 warehouse and storage terminals across the country.
These transactions were presented as important contributors to federal budget revenues and part of the government’s wider effort to improve the management and economic performance of state assets.
Federal Property Register Expanded by More Than 4.2 Million Assets
Another major area of progress concerns the expansion of Russia’s federal property register.
Yakovenko informed Putin that more than 4.2 million facilities had been added to the register maintained by the agency.
The objective is not simply to record government-owned assets but to bring them into productive economic use. The agency is seeking suitable owners, operators and management arrangements for properties that are currently underutilised, particularly assets held within the federal treasury.
The initiative is intended to improve accountability, reduce idle public assets and generate economic value from government property.
Property Support for Postal Services in Reintegrated Regions
The briefing also highlighted the transfer of approximately 93,000 items of property to support postal services in the Donetsk and Lugansk people’s republics and the Zaporozhye and Kherson regions.
The transferred resources reportedly include vehicles, equipment and other essential assets provided free of charge to facilitate postal operations and improve public service delivery.
The initiative forms part of the agency’s involvement in supporting administrative and economic activities in these territories.
Northern Infrastructure and Industrial Development
Rosimushchestvo has also undertaken property-leasing arrangements in the Krasnoyarsk Territory to support industrial operations and northern logistics.
According to Yakovenko, piers, berthing facilities and a fuel and lubricants terminal have been leased to Norilsk Nickel.
The facilities are intended to strengthen the Northern Delivery system, which is essential for transporting supplies and industrial resources to remote northern territories, while supporting the development of the Norilsk Industrial Region.
Land Allocation for Major Transport and Cultural Projects
The agency has also been involved in allocating land for significant infrastructure and development initiatives.
Yakovenko reported that more than 1,000 land plots had been allocated in connection with the proposed Moscow–St Petersburg high-speed railway project, following presidential instructions.
Additional land has been provided for the Tavrida.ART cultural cluster in the Republic of Crimea.
These allocations demonstrate the role of federal property management in facilitating large-scale transport infrastructure and cultural development projects.
Restoration of Historic and Underutilised Federal Properties
Another priority discussed during the meeting was the renovation and restoration of federal properties that have deteriorated or negatively affected the appearance of urban areas.
Working with the Federation Council and regional authorities, the agency is seeking to rehabilitate these buildings through repairs, restoration and alternative management arrangements.
Yakovenko stated that the agency had identified 6,415 properties requiring attention and aimed to bring more than 5,000 of them into proper condition during 2026.
One example highlighted was the historic Naryshkin Estate in the village of Pady in the Saratov Region.
The estate has been renovated through cooperation with relevant authorities. During the Great Patriotic War, the property served as a military hospital treating wounded Soviet military personnel.
The project illustrates how the restoration of government-owned buildings can preserve historical heritage while returning neglected properties to useful condition.
Humanitarian and Material Assistance to Military Personnel and Civilians
The briefing also covered cooperation between Rosimushchestvo and the Popular Front movement in providing assistance to military personnel and civilians in border and reintegrated regions.
Yakovenko reported that more than 390,000 items had been transferred through these support activities.
The assistance includes vehicles, light-industry products, consumer goods, construction materials, tools and other essential supplies.
The initiative is intended to address immediate material requirements and support communities and personnel in affected regions.
Management of Court-Transferred Assets
Yakovenko further informed the President that the agency was actively managing assets transferred into state ownership through judicial decisions.
He indicated his readiness to provide a separate and more detailed briefing on this category of property.
President Vladimir Putin acknowledged the presentation and thanked the agency head for the update.
A Broader Approach to Federal Asset Management
The meeting highlights the growing importance of state property management in Russia’s fiscal and economic administration.
Through privatisation, leasing, infrastructure support, property restoration and the redistribution of assets, Rosimushchestvo is seeking to increase the productive use of public resources and strengthen federal revenue generation.
The reported transactions and asset-management initiatives demonstrate the broad responsibilities of the agency, extending beyond the administration of government-owned buildings and land to include major industrial holdings, transport infrastructure and strategic regional development.
The effectiveness of these measures will ultimately depend on transparent transactions, responsible asset management and the long-term economic value generated from public property.
Source: Official Kremlin meeting record, November 13, 2026.
By Suman Munshi
IBG NEWS
International Affairs | Russia | Economy | Government & Administration
