Moscow stock exchange headed for expansion

Action on Russia’s plans to privatize $30 billon worth of state assets and attract foreign capital is likely to make Moscow’s MMVB-RTS stock exchange the fifth biggest in the world in terms of trade turnover.

The exchange’s Vice President Sergei Sinkevich spoke about this in London Saturday at the annual Russian Business Week seminars organized by the London School of Economics.

At present, the MMVB-RTS is the biggest stock market in Eastern and Central Europe. Its own market capitalization is higher than those of America’s NASDAQ and of the London Stock Exchange.

(TASS)