Рейтинг@Mail.ru
Pravda.ru

News » Economics

Federal reserve to grow if government's stake in LUKoil is sold

07.08.2002 | Source:

Pravda.Ru

 

In the event the sale of the Russian government's share package of LUKoil comes off, the financial reserve of the federal budget for 2002 will amount to RUR178.3bn (around $5.66bn), the Finance Ministry reported to RBC. It was pointed out the Russian government would make another attempt to sell its stake in LUKoil in the first or the second quarter of 2003. As it was reported earlier, the expected sale of the government's stake in the Russian oil company did not take place owing to unfavorable market conditions and was postponed until indefinite date.

©

&to=http://www.lukoil.com' target=_blank>LUKoil

 

follow us in feedly



Popular photos


Most popular

Putin to speak at UN General Assembly before clashing with Obama
Putin to speak at UN General Assembly before clashing with Obama
On September 1, Russia has chaired the UN Security Council. Russian President Vladimir Putin will make a speech at the jubilee session of the UN General Assembly in New York. The press has already...
Sanctions: Who can hold out longer?
Sanctions: Who can hold out longer?
Comparing Western Europe with Russia, i.e. a consumer-driven economy versus a state-capitalist economy, history favors the latter as the society that can endure the most pain and deprivation. Of...
Система Orphus