Seven big Russian companies are in advanced talks with the Moscow Exchange about listing their shares, the exchange’s CEO says, highlighting corporate Russia’s preference for listing at home amid sanctions and a standoff with the West.Russian companies previously flocked to the likes of the London and New York bourses to bolster their international profile and tap deeper capital markets. But a sharp sell-off in Russian assets after the introduction of sanctions in 2014 led Russian officials to suggest companies consider delisting from foreign exchanges to shield themselves from external pressure.The Moscow Exchange has also implemented important infrastructure reforms in recent …read more
Source: Gulf times
