Russia assessed Bashkir Soda Company shares sale’s effect
At a meeting between Mikhail Mishustin, Chairman of the Russian Government, and Vadim Yakovenko, Head of the Federal Agency for State Property Management, the importance of selling the state-owned block of shares in Bashkir Soda Company was noted.
The transaction was officially announced in June 2025.
"Among the major transactions that took place this year, we can note the sale of a block of state shares in Bashkir Soda Company worth 17 billion rubles. Thus, by the end of this year, we plan to earn about 90 billion rubles from privatization," said Vadim Yakovenko.
Mikhail Mishustin noted that much depends on the quality of management of state assets.
"The proceeds, income from renting, selling such property are used to build schools, kindergartens, social infrastructure, and for other purposes. And the quality of life of Russians and the achievement of the national development goals that the president sets for us directly depend on this," said the Prime Minister of the Russian Federation.
Bashkir Soda Company is the largest producer of soda ash and caustic soda in Russia, as well as a major producer of PVC and cable plastics. It also produces consumer goods and other chemical products. The company was established in 2013 through the merger of JSC Soda and JSC Kaustik.
Author: Sergey Nikolaev
www.bashinform.ru
© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.
All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.
When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.