¥June 1992 ÒState Program for the Privatization of State
and Municipal Enterprises of
the Russian Federation for 1992Ó
¥Decree ÒOn Organizational Measures for the Conversion
of State Enterprises and
Voluntary Associations of State Enterprises into Joint-Stock CompaniesÓ & ÒStatute on the
Commercialization of State Enterprises and Their Simultaneous Conversion into Open-Type Joint-Stock CompaniesÓ signed by YelÕstin July 1,
1992
¥9 key objectives:
–1) generate a social stratum of private
owners to facilitate the creation of a socially and consumer-oriented market economy,
–2) increase efficiency of enterprises
via privatization,
–3) provide a social support &
protection net for the population,
–4) develop a social infrastructure using
money obtained from the privatization sales,
–5) promote ruble and general financial
stabilization,
–6) create a competitive economic
atmosphere,
–7) de-monopolize the economy,
–8) attract foreign investment,
&
–9) create conditions needed to broaden
the scope of privatization in 1993-1994
–
¥