Russian Premier Rules Out Possible Nationalisation Of Oil Companies In Russia

Chairman of the Russian government Mikhail Kasyanov ruled out a possibility of nationalisation of oil companies in Russia. Answering the questions of State Duma deputies Friday he confirmed that there could not be any talk of nationalisation of oil companies in Russia. Kasyanov said that currently a significant part of the economy is privately owned and this is the main result of the country's development over the past years. He emphasised that "private property is used considerably better than earlier."