VLADIVOSTOK, September 18 (RIA Novosti) - While stock exchanges in Russia are still developing, Russian state-owned companies could go public abroad, a minister said Sunday.
Answering whether Russian companies should trade their shares abroad or on Russian trading floors, Economic Development and Trade minister German Gref told a news conference in Vladivostok that they must do both.
"We should develop Russia's stock exchange and in the process the companies could trade their shares both on foreign and domestic stock exchanges," the minister said.
"Certainly, we should gradually shift the focus on the Russian stock exchange," Gref added.
Gref said earlier the government had been preparing Rosneft and KaMAZ IPOs on London Stock Exchange.
In addition, trading of Far Eastern Shipping shares has been discussed as a way to privatize the company, he said.
