The privatization is guided by the special government program which operates on different administrative levels: federal, regional and municipal. The authorities on any given level are authorized to privatize only those assets transferred to their ownership.

By July 1994, 15,052 medium and large enterprises, employing more than 80% of the industrial workforce, had been privatized in a voucher-based privatization scheme. The second (post-voucher), cash-based phase of privatization is under way now. Government blocks of share

Some common words found in the essay are:
Millions Russian, , agricultural land, effective bankruptcy, investment tenders,
Approximate Word count = 538
Approximate Pages = 2 (250 words per page double spaced)