Resource information
This paper provides an overview of the
privatization of the Russian coal industry. It reviews the
salient aspects of the Government's privatization
policy as it evolved over the years, and looks at the
reasons for the successes and the pitfalls encountered along
the way. Specific procedures and methods of sale are
described in detail. A profile of the new owners of the
industry is given, with a look at the implications for
competition in the industry and at first performance
indicators. As the World Bank has been closely involved in
the support of the Government's coal sector
restructuring program through provision of financing and
policy advice, throughout the paper aspects of World Bank
advice are considered.
