The Supervisory Board of the Moscow Stock Exchange has decided to dismiss Yuri Denisov, who currently serves as the chairman of the holding’s board of directors. The decision was conveyed through official communications from the exchange, signaling a formal leadership transition at the top of the company. While the public statement confirms the change, it does not disclose any reasons behind the personnel decision. In markets where leadership stability is often viewed as a factor in investor confidence, such moves typically prompt attention from participants and analysts who monitor governance and strategic direction of the exchange group. Source: Moscow Stock Exchange.
Denisov is set to depart from the post on September 30, with the public notice noting the date of exit but not providing the rationale for the shift. The timing suggests a scheduled transition aligned with the board’s governance calendar, and the absence of stated reasons leaves room for speculation among observers about strategic realignments within the holding and its affiliates. The official line remains that the move is part of a routine leadership change intended to ensure a smooth handover during the transition. Source: Moscow Stock Exchange.
Until a new chairman is appointed, the post will be temporarily held by Viktor Zhidkov, the current head of the National Settlement Depository. This interim arrangement is designed to maintain leadership continuity across the group while the Supervisory Board reviews candidates and completes the selection process. The Supervisory Board is scheduled to discuss Zhidkov’s move from his current role at its meeting on October 1, which will determine whether the interim leadership continues or a broader organizational reshuffle follows. Source: Moscow Stock Exchange.
On September 11 the exchange’s press service announced that starting September 24 the main indicator of the Russian stock market will be calculated and published in Chinese yuan on the site. Previously the index was reported in Russian rubles and in US dollars. This adjustment aligns the reporting currency with the portion of foreign trade settlements conducted in yuan, reflecting the currency’s growing role in Russia’s international payments framework. The change is framed as an effort to present a clearer picture of the movement in the most traded Russian equities for participants who transact in yuan or track yuan-denominated performance. Source: Moscow Stock Exchange.
Management notes that the yuan-based index is intended to capture the real dynamics of price movements in the most liquid Russian shares, given yuan’s growing share in foreign trade payments within the Russian Federation. The shift to yuan reporting is part of a broader push to diversify reference currencies and enhance transparency for domestic and international investors. Earlier, the Moscow Stock Exchange had commented on the possibility of launching cryptocurrency trading, signaling openness to expanding its product suite and connecting with new segments of market participants. Source: Moscow Stock Exchange.