Russian Post to remain state-owned company, official says

Russian Post is to remain a state-owned company, IT and Communications Minister Leonid Reyman told journalists during a meeting of the ministry’s board today, adding that the ministry had yet to decide whether Russian Post needed to be converted into a state corporation or into a joint-stock company fully controlled by the government. Commenting on the possible deregulation of the postal sector, Reyman noted that if private-owned companies were allowed access to the market, it was necessary to ensure that Russian Post did not become an operator of its least efficient segments.

Russian Post is to remain a state-owned company, IT and Communications Minister Leonid Reyman told journalists during a meeting of the ministry’s board today, adding that the ministry had yet to decide whether Russian Post needed to be converted into a state corporation or into a joint-stock company fully controlled by the government. Commenting on the possible deregulation of the postal sector, Reyman noted that if private-owned companies were allowed access to the market, it was necessary to ensure that Russian Post did not become an operator of its least efficient segments.