The Russian Cabinet still deems it necessary to privatize large state-owned enterprises, said Deputy Prime Minister and Finance Minister Alexei Kudrin. The Cabinet will be insisting on the privatisation of large state-run enterprises, he said. Mr. Kudrin is of the opinion that a bill keeping the article on privatisation will be opposed mainly by the Communists. In the meantime, the Russian parliament (the Duma) has just approved in the final reading a bill on the 2000 budget containing the clause banning the privatization of large state-owned companies. The bill is now to be submitted to the upper house, the Federation Council.
Chinese President Xi Jinping warned his new US counterpart Joe Biden not to push Europe into an alliance against Beijing