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Moscow Stock Exchange to expand into Belarus, Kazakhstan and Ukraine
Cheboksary, June 23
Moscow Stock Exchange wants to form stock exchanges in Belarus, Kazakhstan and Ukraine, its president Alexei Ryzhikov told a round table discussion on Friday.
The discussion Stock Market: Present and Past took place within the Cheboksary Economic Forum.
"We plan to expand our reach to Belarus, Ukraine and Kazakhstan, i.e. form stock exchanges there. It must be a common trade space that uses ruble and not the local national currency. But local trading of the national currency will be provided for them," he said.
Moscow Stock Exchange was set up in March 1997. Its total transactions exceeded 4 bl ruble in 2006 and made 38 bl ruble in January - September 2007.
Construction materials, chemical products, minerals, ferrous metals and agricultural products are most traded sections of the Moscow stock exchange.
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