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Putin boasts he returned Gazprom to state control

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Under Russia's first post-Soviet president, Boris Yeltsin, Gazprom was not majority owned by the government but the state maintained effective control over the state gas export monopoly through a string of decrees and regulations.

"At one point we almost completely privatised Gazprom, and your faithful servant returned Gazprom to state control," Putin said at his suburban residence. "That is a separate discussion, but someday we will make a transition to Gazprom working under a different regime."

He did not clarify what he meant by "a different regime", nor did he say directly that Gazprom could be privatised.

Copyright Reuters, 2012