Russian PM: Sale of LUKOIL Shares Was Successful

'I think this was a successful deal and the behaviour of LUKOIL shares shows that the market agrees with me,' announced Russian Prime Minister Mikhail Kasyanov today. According to the RTR TV company, Mr Kasyanov said that the sale of 5.9% of LUKOIL shares added USD 770-775 million to the federal budget. The prime minister added that there had been no sharp fluctuation of stocks. This indicates that the shares were sold at the right price. The government will continue to privatize its enterpises in 2003.

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