MOSCOW, December 29 (RIA Novosti) - Russia's economic development and trade minister urged state companies Thursday to place securities on Russian stock exchanges.
"We should make our companies, particularly the state-owned ones, place securities on the domestic stock market," German Gref said, adding that the market would otherwise remain undeveloped.
Gref also said the Russian market was not big enough and could only accommodate $3-4 billion, according to his ministry's estimates.
"Where companies like [Russian energy giant] Gazprom are concerned, there is a fair limit in terms of emissions," Gref said, adding that the volume of the Russian market had to be taken into account in each case.
