Putin says there is no need for nationalization in Russia

“People of communist convictions believe that basically everything needs to be nationalized again, everything should be nationalized,” he said at the plenary session of the Valdai International Discussion Club.

Putin noted that the effectiveness of this step is difficult to calculate.

“We don’t have any need (introduce nationalization. -

).

We proceed from the fact that it is necessary to use the most effective tools for the development of the country, market principles,” he stressed.

In April, Federation Council Speaker Valentina Matvienko said that there was no talk of nationalizing the property of foreign companies that had left the Russian market.