MOSCOW, February 16 (RIA Novosti) - Russian companies will sell shares worth $20 billion in 2006, a senior official said Thursday.
"In 2006, according to the estimates of investment banks, Russian companies will sell shares worth up to $20 billion," said Oleg Vyugin, the head of the Federal Financial Markets Service, at a government session that discussed the strategy of the Russian financial market's development in 2006-2008.
Vyugin said investment in Russian companies' core assets totaled 100 billion euros in 2005, of which 30 billion euros were raised through financial instruments.
"The market has started to play a more significant role in the activity of Russian companies," the FFMS head said.
