Russia to create exchange for sanctioned firms – finance ministry

LONDON, Oct 17 (PRIME) – Russia will create a special floor to trade securities of companies under sanctions on the basis of a private exchange, whose main shareholders will be state-owned banks Promsvyazbank and Russian National Commercial Bank (RNCB) operating in Crimea, Deputy Minister Alexei Moiseyev told reporters on Thursday.

“We expect that debut bonds of one of the sanctioned companies will be offered there in December,” the official added.

Mosiseyev said earlier that the central bank, Sberbank and VTB Bank will not have a stake in the capital of the exchange.

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