Since the end of February, the Moscow Exchange has not been fully operational: share trading, bonds and funds were launched only towards the end of March. Here's what we wrote about it:
The Central Bank canceled stock trading on the Moscow Exchange.
IN 2022 Up to a trillion rubles are planned to be allocated for investments
9 March, the President of Russia signed the law, which allows the investment of funds from the National Welfare Fund in shares of Russian issuers in the secondary market and government securities.
Правительство уже решило выделить в 2022 году из ФНБ 1 трлн рублей на покупку ценных бумаг. This will be done by the Ministry of Finance, which will determine, how and for how long the purchases will take place. For transactions, the Ministry has the right to involve the state corporation VEB.RF.
So far, only that is known from the conditions, that OFZ and shares, which can be bought with the funds of the fund, should not be linked to the financing of self-sustaining infrastructure projects.
The purchase of securities is one of the government's measures to support the Russian stock market, which experienced a strong drop in late February. 28 In February, the Moscow Exchange stopped trading in Russian shares and 9 March has not yet resumed them..
Фонд национального благосостояния создан в 2008 году и предназначен для обеспечения пенсионных выплат гражданам и покрытия дефицита Пенсионного фонда РФ. The NWF is replenished from the excess revenues of the federal budget from the oil and gas sector. On 1 February 2022 года накопления составляли 13,6 trillion rubles.
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In January, new bonds of Russian companies and shares began to be traded on the Moscow Exchange 80 foreign companies. There are also new exchange-traded mutual funds.