Russia’s top MP supports re-nationalizing heating infrastructure
State ownership is a way to solve the problems in the public utilities sector, according to Vyacheslav Volodin
The issues affecting Russia’s public utilities sector can be solved by transferring heating networks and power generation to state ownership, State Duma Speaker Vyacheslav Volodin said on Tuesday.
The statement comes as recent record-breaking cold temperatures caused serious power disruptions in some Russian regions during the holiday season.
According to Volodin, cited by the Duma press service, a working group could be created to cope with the problems in the sector.
“Let us take this issue under control, because we must admit that generating capacities of thermal power plants and state district power plants are not always at the proper level,” Volodin was quoted as saying. “Those who privatized the capacities in the 1990s receive profits, but do not think that modernization of generating capacities is necessary,” he argued.
Kremlin spokesman Dmitry Peskov announced recently that the government will continue modernizing the public utilities sector.
For more stories on economy & finance visit RT’s business section
More Stories
EU sounds alarm over Trump diesel ban threat
The bloc has already been grappling with tight supplies, with Ukrainian strikes on Russian refineries adding to the pressure A...
Don’t be put off by inheritance tax, minister tells entrepreneurs
Entrepreneurs should not be “put off” building multi-generational businesses by inheritance tax on the transfer of business assets, Emma Reynolds,...
Why UK Businesses Are Rethinking How They Secure Their Premises
As physical security merges with digital infrastructure, companies across the UK are reassessing what it actually means to keep a...
Half of business owners would consider leaving UK over CGT rise
Six in 10 UK business owners would be discouraged from founding a new company if John Healey, the chancellor, raises...
AO World buys Jessops from Dragons’ Den investor Peter Jones
The Dragons’ Den investor Peter Jones has sold the photography retailer Jessops to the online electrical retailer AO World, more...
NatWest and British Business Bank back Phoenix Court venture funds
The British Business Bank and NatWest have agreed to invest in funds run by Phoenix Court, the UK venture capital...
