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Moscow mulls ways to attract foreign investors to Russian bourses

By Reuters Staff 3 Min Read MOSCOW, Feb 10 (Reuters) - Russia is ready to amend legislation to encourage an influx of foreign investors to its stock exchanges, Anatoly Aksakov, head of the financial committee in the lower house of parliament, said on Wednesday. Russia has for years sought to promote Moscow as a global financial centre but geopolitical tensions with the West that led to economic sanctions and soured bilateral relations have seriously hampered that ambitious goal. Russian brokerages say Moscow needs to ease taxation rules and lower profit tax for non-residents who buy shares traded in Russia. The tax currently stands at 30%.

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St Petersburg bourse says can start trading derivatives in 21 - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases
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