Putin’s decree on competition prescribes to reduce the number of state-owned companies

© RIA Novosti / Alexei Nikolskiye in Photobacterium of the Russian Federation Vladimir Putin at a meeting of the Council for culture and the arts. 21 Dec 2017Putin’s decree on competition prescribes to reduce the number of state-owned companies© RIA Novosti / Alexei Nikolskiye the image Bank

The decree of the President of Russia Vladimir Putin at the competition, signed Thursday, requires policies to reduce the number of state-owned companies, according to the text of the document is given a press-service of the President.

«Define the fundamental principles of the state policy on promotion of competition: reduction of the shares of the economic entities established or controlled by government or municipal entities in the total number of economic entities operating on commodity markets», — stated in the text.

In addition, the quality of such principles are identified: equal treatment and freedom of economic activities on the territory of the Russian Federation, the development of small and medium enterprises, the impact of public investment on the development of competition.

Among the principles also stated the state regulation of prices and tariffs, based on payback of the organizations performing regulated types of activities, while reducing costs and improving their efficiency, ensuring the interests of consumers in the long term, as well as the inadmissibility of state regulation of prices, carried out through the determination of rates or their limits on competitive commodity markets.

As a fundamental policy principles for promoting competition is also indicated for the improvement of Antimonopoly regulation in the development of the digital economy and its globalization. As noted, the improvement has to happen «to effectively suppress violations of the Antimonopoly legislation of a transboundary nature, and competitiveness of Russian companies on global markets».