Russian Privatization Agency

The Russian Privatization Agency was a government body responsible for managing the process of transferring state-owned assets to private ownership after the fall of the Soviet Union. It played a key role in privatizing industries and enterprises to foster a market economy, encouraging private investment and ownership. The agency organized auctions, vouchers, and sales to distribute formerly state-controlled businesses to individuals and investors, aiming to modernize Russia's economy and promote efficiency through private enterprise.