shares in araf loss of enjoyed a strong wrong to find alexei kudrin said the government should sell a minority stake in the airline but. thinks it's unlikely the government would be willing to lose control of the flash it to the private sector. morse of control boasted of course. so. as to its source of all. our all of. their i show bold new national champions in different industries it was last year to clear up waters missional children and their wine industry and go to. so it isn't a change in or. near in compton. tunnels take on the markets before me european shares are flat after gains for drugmakers offset falling banks financials are among the worst performers and concerns that other banks may be forced to take back billions of dollars in mortgages here in russia the markets are lower and trading the r.t.s. is down around two percent this hour is also slightly lower drug for energy majors probably new call it down in both the six banking stocks are up those bad and can be to be a trading over half a percent higher. gold holds its first significant drop in prices its record break

russia's state carrier araf lot has entered into a sponsorship agreement with n.b.a. team the new jersey nets owned by russian billionaire mea culpa knock it off this is the first time arafat has supported a professional sports team in the u.s. just been agreed to for two years but team representatives hope it will be extended this is the second sponsor contract across the team has signed with a russian company that agreed to a five year allied to still reach earlier this month. about one fifth of russian insurance companies are facing bankruptcy the insurance watchdog said out of seven hundred firms up to two hundred fifty are in financial difficulties however major market players say the industry is in need of some rationalization. for not a very real board yourselves or leave the market it will by market offer also i would move through the whole affair of the market of companies i believe probably five per cent for a real cost the most will not strongly be affected by this. over market. tanky b.p. could invest up to two billion dollars in a shell gas project in ukr

investors show interest the government's taken to controlling as well its holding in national airline araf lot you could also sell up to fifteen percent of all companies or snuffed by two thousand and fifteen the plan is yet to be signed by president reaching which bit of finance minister alexei cujus has expects investor demand for the privatisation programme to outstrip supply. to the market down here they finished wednesday's session of mixed with the r.t.s. down low point eight percent energy may just be the main news is for willing gals problems down more than not when five percent banking stocks are up today in terms of the want. to oversell gold mining you need to seeking a regulatory approval for want of a billion dollar initial public offering in london they are paying the. money that's according to sources close to the deal this sell it will be the largest overseas share offering by a russian company says united will celebrate two point two four billion dollars in hong kong. on russian road and bridge builder to set an indicative price range of six point two five to eight dollars

share interest the government's taking spare about controlling what it's holding in national airline araf lot it could also sell up to fifteen percent of oil company rules on earth by two thousand and fifteen deputy prime minister. said the program was intended to help russia modernize its economy. but the main goal of the would be to change the investment of these assets to address private investors and do if you change the structure of leadership of the companies to make them more transparent please stable and reliable. let's look at the markets now and here in russia they finished wednesday session mixed so they are serious down zero point eight percent energy majors the main loses recoiling calm down more than five percent banking stocks were up based there but. never gold mining it is seeking regular sea approval for a one billion dollar initial public offering in london the i.p.o. may started this month us according to sources close to the deal will be the largest overseas share of russian company since he. raised two point two four billion dollars in hong kong in january. on russia