Putin elaborated on what should be done with privatization outcomes, in terms of rubles.
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A ruckus surrounding Moscow's Domodedovo Airport has been brewing for years, and Vladimir Putin, Russia's president, has clarified that the court's ruling on its transfer to Moscow's governance has nothing to do with nationalization or privatization. This nugget comes from the Interfax news agency after Putin's address at the PMEF-2025 summit. Putin also expressed his views on the mass privatization of the past and the remedies needed in the present.
"Apologies for the language, but this mess around this joint has been going on for ages. This disagreement between the relevant entities didn't surface yesterday, but it's been a long-running saga that eventually led to the famous court ruling—it's got nothing to do with nationalization," Putin said.
According to Putin, nationalization, a process described in law, is not something they're employing, nor are they applying those regulations.
"I've said this before during business meetings - we're talking about an era when many injustices occurred during privatization. One ruble was sold for millions, and that's all clear. And from a social justice perspective, these weren't the best decisions," Putin added.
"But rekindling this all now would be the worst move. So, in my opinion, we need to establish a permanent legal framework for the timeframes of all relevant events of this nature once and for all. So, what you mentioned (referring to a conversation partner who mentioned 'Domodedovo' - Monokle), it has nothing to do with privatization," Putin said.
Interfax reminded that on June 17, the Arbitrage Court of Moscow Province fully satisfied the Genprocuracy of Russia's lawsuit seeking to recover 100% stake in OOO DME Holding, which owns assets of the Domodedovo Airport and associates with businessman Dmitry Kamenshchik. Changes in EGRUL regarding the transfer of OOO DME Holding and other companies within the 'Domodedovo' group to the ownership of Rosimushchestvo were made on June 19.
In the lawsuit, Genprocuracy accused the airport's beneficiaries (besides Kamenshchik, the supervisory body includes Valery Kogan) of breaking Russian law by managing strategic assets of the country and transferring profits abroad through foreign influence.
Interfax further clarified that the primary airlines serving Domodedovo include S7, Uralskie Aviakompanii, and Red Wings. Among the overseas airlines catered to are Emirates, Air Arabia, and Egypt Air.
According to our sources, the underlying issues arose during Domodedovo's privatization process, leading to issues against foreign involvement that clashed with Russia's strategic interests. The nationalization is part of a broader government policy to reclaim control over strategic infrastructure previously privatized to ensure domestic control[3][4][2].
- The debate over the control of Moscow's Domodedovo Airport has extended for years, and it's not about nationalization or privatization as claimed by Vladimir Putin, Russia's president.
- Putin also spoke about the mass privatization of the past and the need for policy changes in the present to rectify past injustices, such as unequal or unjust exchange rates during the privatization process.
- The Genprocuracy of Russia recently filed a lawsuit to recover 100% stake in OOO DME Holding, which owns assets of the Domodedovo Airport, citing allegations of breaking Russian law by managing strategic assets and transferring profits abroad.
- Apart from Russian airlines such as S7 and Red Wings, Domodedovo Airport also serves international carriers like Emirates, Air Arabia, and Egypt Air, raising concerns over policy and legislation related to nationalization, foreign involvement, and strategic interests in the aviation and transportation industries.
