Russia wants to launch another exchange for trading securities, Vedomosti reports, citing sources.
The platform is planned to be launched on the basis of the former St. Petersburg exchange, which in February 2024 was renamed JSC Eastern Exchange named after Valentin V Nikolaev.”
It is planned to place securities of companies from Russia and friendly countries, as well as derivative financial instruments, on the new exchange. Until now, the Eastern Exchange specialized in the commodity market.
The publication’s interlocutors suggest that the new platform wants to become an alternative to the St. Petersburg Exchange and Moscow Exchange, which were previously subject to blocking sanctions from the West.
The day before, the Moscow Exchange index dropped to 2996.44 points. The indicator traded below 3,000 points for the first time since December 15.
