Russian budget yields $1 billion from Russian Federal Property Fund

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MOSCOW, September 13 (RIA Novosti) - The Russian Federal Property Fund (RFFI) brought $1 billion to the federal budget as of Monday, the fund's press service said Tuesday.

In all, 288 stockholdings were sold, which amounts to 26.62% of the total number available.

After completing presale arrangements this year, the fund put up 59.43% of all available shareholdings, in comparison with 29.57% as of Sept. 1, 2004.

The service said 196 stockholdings cannot undergo presale arrangements due to a lack of decisions on privatization terms by the Russian Agency for Federal Property Management.

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