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

 






Popular photos


Most popular

Russia addresses relatives of Flight MH17 disaster
Russia addresses relatives of Flight MH17 disaster
Deputy Head of the Federal Air Transport Agency of the Russian Federation released a new statement on behalf of the department and addressed relatives of the victims of Flight MH17 disaster. The...
Russia will shoot down Turkish jets in Syria, Deputy Defense Minister says
Russia will shoot down Turkish jets in Syria, Deputy Defense Minister says
Deputy Defense Minister Anatoly Antonov said that Turkey had refused to confirm its agreement with the memorandum of flight safety in Syria and blocked a telephone hot line prior to the attack on the...
Рейтинг@Mail.ru Rambler_s_Top100_Service