Director of Equity Financing, FINAM Investment Company, Moscow

A momento from the last golden age of Russian capitalism - in this case, a 1913 St. Petersburg railway bond selling on EBay

This is an update to my previous Russia Blog post about Russian Deposit Receipts (RDRs). Now all of the official obstacles in the way of introducing RDRs have been eliminated. Last week the Russian Ministry of Justice officially registered regulations setting forth the listing requirements for RDRs. Basically these regulations copy existing requirements for listing shares. Russian brokers have welcomed the end of this long process and are expecting big trading volumes.

Now is the moment for the first issues of RDRs which I believe will be coming very soon.

You can read the original post at Vladimir Kuznetsov's blog, Equity Financing in Russia. The views expressed in this post and on his blog are the personal opinions of Vladimir Kuznetsov, and are reproduced here solely for educational purposes. To read more Russia Blog posts about Russian capital markets, click on the finance section or type www.russiablog.org/finance in your web browser.