Exchange for listing of companies hit by sanctions can go live in December

TASS Russian News Agency | Oct 17, 2019 at 3:02 PM

LONDON, October 17. /TASS/. An exchange for listing of companies under sanctions may start operations as early as in December of this year, Russian Deputy Finance Minister Alexey Moiseev told reporters on Thursday.

"We expect we will float bonds of a company under sanctions in December. This will not be verbally anymore but we will show by word and deed that the exchange starts working," Moiseev said.

Two banks will be the shareholders of the trading platform, the official said. "PSB and RNCB will be principal shareholders [of the exchange - TASS]," he added.