State-owned enterprises of Russia
Wikimedia list article
Russian government ownership of various companies and organizations, collectively known as state-owned enterprises (SOEs), play an important role in the national economy. The approximately 4,100 enterprises that have some degree of state ownership accounted for 39% of all employment in 2007 (down from over 80% in 1990). In 2007, SOEs controlled 64% of the banking sector, 47% of the oil and gas sector, and 37% of the utility sector.
State corporations are established by the Russian government to boost industrial sectors. Rosstat figures from early 2013 showed that 529,300 enterprises were partly or wholly owned by the state, of which approximately 31,000 were commercial companies (generating revenue). The 54 largest enterprises accounted for over two-thirds of the total revenues generated by state-owned organizations. SOEs accounted for 40% of the capitalization on the Russian stock market, one of the highest shares in the world.
Legal form
Russian state-owned companies are typically established under the legal form of joint stock companies (OAO or ZAO), unitary enterprises (federal, regional or municipal), or state corporations.
Joint stock companies
OAO and PAO are forms of open joint-stock companies, while ZAO (and AO) are closed joint-stock companies.
The Federal Agency for State Property Management (Rosimushchestvo) is authorized by the Russian government to exercise shareholder rights for federally-owned shares in companies and is responsible for the preparation and nomination of candidates at the annual meetings of shareholders.
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