July 1, 1991 (, Xinwei May 20), the Soviet Parliament passed the Law on Privatization.

1991, the Supreme Soviet of the Soviet Union July 1 through the Law "About enterprise denationalization and privatization principles, namely the Law on Privatization.
the end of the first stage (1992), belonging to the Union all enterprise fixed production of 40-50% of the fund will be out of range of direct state management; (1995) to the end of the second phase of this The proportion will rise to 60-70%.
according to the method of privatization, state-owned enterprises can be changed to the the leasing enterprise or collective enterprises, can also be transformed into a stock company, the sale by public tender or auction, mainly by corporate employees to purchase other Soviet citizens or foreign citizens and legal right to buy. (L $ dj��.c��m)