Russian President Vladimir Putin has instructed the Russian Government to prepare a program for primary and secondary share placements of state-owned companies in the near future. The head of state stated this during a speech at the forum "Russia is calling!", according to a transcript posted on the Kremlin's website.
The ministries will outline industry plans for bringing large issuers to the stock market, providing specific effective incentives for businesses that place their shares, including linking existing support measures with the companies' publicity.
Vladimir Putin stressed that the Russian stock market has room for growth and new placements. According to him, additional efforts are needed to increase its capitalization so that the potential of the stock market can be used in the interests of the whole country.
