The Russian government has proposed to introduce a new type of convertible securities into circulation. In this respect declaration Russian President Vladimir Putin at the meeting with the Cabinet of Ministers First Deputy Prime Minister of Russia Andrei Belousov.
“It has been proposed to introduce a new type of convertible security into circulation. Such an instrument would entitle the issuer to issue preference shares that can be converted into voting shares, depending on the occurrence of a particular event.”
According to him, an example of such an event would be non-payment of income on these securities.
He added that the issuance of such securities will help investors feel safe because the conversion of such shares will occur automatically. In this case, the consent of the issuer is not sought.
March 28, Russian Prime Minister Mikhail Mishustin at a strategic session on ensuring financial sovereignty declarationthat the issue of issuing federal credit bonds (OFZ) in the currencies of friendly countries is currently being studied. According to him, work is underway to improve the infrastructure of national indicators and facilitate foreigners’ access to the Russian capital market.