Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, said that the regulator plans to offer buyers of shares of foreign companies going for their put on the stock exchange from 10% to 20% of the purchased package. It has been reported TASS.
Chistyukhin stressed that it is “closer to the figure of 10-20%.”
According to him, there is currently a limited supply in the stock market and needs to be expanded to increase the demand for the securities among investors.
Elvira Nabiullina, ex-president of the Central Bank of Russia allowed Exchange of blocked shares in the Russian Federation for frozen securities in the West.
Prior to that, Nabiullina said the regulator may consider raising the key rate at its next board meeting if it sees signs of increasing price pressure that would threaten the 4% inflation target.
According to him, the regulator expects continued economic recovery this year, which may be accompanied by an increase in inflationary pressure due to demand-side factors.