Analysts on Russian stock market

According to experts, yesterday the Russian stock market had the possibility of assuring itself of the seriousness of the government's plans concerning YUKOS. Russian Economy Ministry Andrey Sharonov announced principally new theses: the selling of Yuganskneftegaz will not solve all of YUKOS' problems, a potential risk of the company going bankrupt exists and a company that is affiliated with Gazprom may take part in an auction on selling Yuganskneftegaz. Following this news Gazprom shares gained 2 percent and the whole market calmed down. At present, the RTS index resembles a cart that is being pulled to and fro. Shares of oil companies are pulling the index up, whereas almost all other securities are pulling it down.

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Author`s name Editorial Team