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. Last Updated: 07/27/2016

New Property Minister

MOSCOW -- Russia's government Wednesday replaced the head of the country's property ministry, one of the main bodies which carries out privatizations, local news agencies quoted the government as saying.

The agencies quoted the government as saying that Minister Farit Gazizullin had been replaced due to ill health and that the acting minister would be his deputy, Alexander Braverman.

Russia's privatization program has been cut back due to the economic crisis and the flight of foreign investors.