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Russian Railways May Raise $4.3 Billion Selling Units

OAO Russian Railways expects to raise 132 billion rubles ($4.3 billion) selling stakes in its units next year, said Chief Executive Officer Vladimir Yakunin.

The state-controlled rail monopoly expects net income of 70 billion rubles this year, which may slump to 2.7 billion rubles next year because of limited tariff increases, Yakunin told reporters today in Moscow.