Russia is stepping up efforts to protect its financial markets from the unpredictable ebb and flow of US foreign policy, including plans to launch a special exchange where sanctioned companies can list their bonds, deputy finance minister Alexei Moiseev said on Thursday.
Speaking to journalists at an event in London, Mr Moiseev said he had selected two state-owned, domestic-focused banks to back the project by buying out an unnamed private exchange. The project is due to launch in December following a technology upgrade, he said.
Companies operating under US sanctions “have to be able to raise capital”, Mr Moiseev said.
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