Another significant decline of the Russian stock market is unlikely, Arkady Dvorkovich, Head of the Expert Department of the Russian Presidential Administration said.
On June 13 the stock fell 10 per cent on crude oil and metals prices' decline and .
The decline was due to external factors and the situation on the global market, he said. Also, an unjustified growth of the market has often been seen since the beginning of the year.
The current RTS index is the one forecast for late 2006, Dvorkovich added. He said he did not see anything frightening in the current situation.
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Russian Stock Market is Safe
The decline was due to external factors and the situation on the global market
