Support The Moscow Times!

Putin Against IPO Restrictions

President Vladimir Putin suggested that restrictions on the participation of some investors, including the government's Pension Fund, be lifted in Russian companies' initial public offerings, Interfax reported.

"Of course we need to support our own investors. I think citizens who are only just establishing their pension entitlements should have the opportunity to invest their pension savings in shares in the best Russian companies," Putin said at a meeting on the stock market's development. "Some of the privatization deals, as I've already said, have taken place or will take place in the form of IPOs."

"But restrictions on participation in initial offerings apply to a range of Russian investors, including the Pension Fund, and I propose discussing an end to these restrictions," he said.

Putin said it was important not just to put the infrastructure and regulatory base in place but to have your own long-term funds.

(MT)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more