Jan. 20 (Bloomberg) -- President Dmitry Medvedev ordered Russia’s central bank by June 1 to determine the timing and method for unloading its shares in the Micex Stock Exchange.
Bank Rossii will coordinate its actions with the government, the Kremlin said today in an e-mailed statement.
The central bank in July last year held a 29.8 percent stake in Micex, which handles about 70 percent of share transactions in Russia, the Kommersant newspaper reported today, citing an unidentified official.
The share sale was discussed yesterday at a meeting chaired by Finance Minister Alexei Kudrin, the newspaper said, citing one of the participants.
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