Mon, 11/05/2015
The Central Bank of the Russian Federation (CBR) announced that its stake in MOEX capital will not be sold by 2016. The Ministry of Finance (MinFin) has approved CBR’s decision.
Currently in accordance with the requirements of the Federal Law # 251-FZ dated 23 July 2013, CBR's participation in the capital of MOEX should be terminated by 1 January 2016. MinFin confirmed that the relevant amendments to the law will be adopted shortly. Therefore CBR will retain its 11.7% stake in MOEX.
Contact:
Ekaterina Konovalova, Relationship Manager, Global Securities Services Russia
Ekaterina.Konovalova@unicredit.ru