Russian Island Plans to Launch Financial Center with Stock Exchange

According to federal authorities and experts, the stock market in the Russian Far East is chronically underfunded. Its capitalization represents only 2% of Russia’s stock market or just over 1 trillion rubles, which does not correspond to the real economy. Private funds are needed by the government to implement costly infrastructure projects. A new financial ecosystem on Russian Island with its own commodities exchange, securities exchange, and digital financial assets could potentially solve this problem. Such a financial center would not only attract domestic investors but also foreign ones. Initial steps have been taken, including assisting local companies in accessing the exchange through a government option and the instrument of shareholder investment funds. The possibility of implementing these financial instruments has already received preliminary support from the Ministry of Finance.