Russian government ownership of various companies and organizations, collectively known as state-owned enterprises (SOEs), still play an important role in the national economy. The approximately 4,100 enterprises that have some degree of state ownership accounted for 39% of all employment in 2007 (down from over 80% in 1990).[1][2] In 2007, SOEs controlled 64% of the banking sector, 47% of the oil and gas sector, and 37% of the utility sector.[2]
State corporations are established by the Russian government to boost industrial sectors.[3] Rosstat figures show that 529,300 enterprises are partly or wholly owned by the state, of which between 30,000 and 31,000 are commercial companies (generating revenue).[4] The 54 largest enterprises account for over two-thirds of the total revenues generated by state-owned organizations.[4] SOEs account for 40% of the capitalization on the Russian stock market, one of the highest shares in the world.[4]
- ^ "Russia - Competition from State-Owned Enterprises". export.gov. Archived from the original on 6 February 2017. Retrieved 3 February 2017.
- ^ a b "State-Owned Enterprises in Russia - Presentation at the OECD Roundtable on Corporate Governance of SOEs" (PDF). OECD.org. Retrieved 3 February 2017.
- ^ "Putin Backs Creation of Giant Russian Space Corporation". Moscow Times. Retrieved 5 April 2017.
- ^ a b c Abramov, Alexander; Radygin, Alexander; Chernova, Maria (March 2017). "State-owned enterprises in the Russian market: Ownership structure and their role in the economy" (PDF). Russian Journal of Economics. 3 (1): 1–23. doi:10.1016/j.ruje.2017.02.001.
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