Support The Moscow Times!

Kudrin Tipped to Head Moscow Exchange Board

The Central Bank has asked former Finance Minister Alexei Kudrin to head the Moscow Exchange's supervisory board, a source familiar with the situation said.

Kudrin, who was finance minister for 11 years before being fired in 2011 by then-President Dmitry Medvedev for criticizing state spending, could give his answer before the end of this week, the source told Interfax on Thursday.

By law, the Central Bank must shed its 22.5 percent stake of the Moscow Exchange by Jan. 1, 2016, although Economic Development Minister Alexei Ulyukayev said earlier this week that the bank could bring forward the sale to this year.

An early sale could pave the way for the resignation of Sergei Shvetsov, the current chairman of the exchange's supervisory board and head of Russia's financial markets service at the Central Bank, and the formation of a new board.

The Moscow Exchange's next shareholder meeting is on Feb. 10.

… 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