The State Duma has approved in its final reading a law that ratifies the agreement concerning the cross-border admission of securities to the exchanges within the Eurasian Economic Union (EAEU). The agreement, signed in Almaty on January 31, 2025, is currently undergoing ratification processes in all member states.
Upon full ratification, Russian companies will gain unrestricted access to list their securities on other EAEU exchanges. Similarly, businesses from other member states will be granted the same access within Russia. The agreement allows for the mutual admission of issuers' securities for placement and trading. This is anticipated to simplify market entry for companies throughout the union.
The primary goals of the agreement encompass ensuring freedom in issuance and trading activities, improving the liquidity of exchange markets, fostering trade and investment collaboration, and protecting the rights of consumers and investors in financial services.
Deputy Finance Minister Ivan Chebeskov highlighted the initiative as a continuation of the integration of financial markets and infrastructure during the plenary session.
The agreement is projected to simplify the process of raising capital, increase market transparency, and accelerate the integration of the financial systems of the participating nations.
5 Comments
Fuerza
More integration? I'm getting tired of these moves that centralize power.
Manolo Noriega
Simplifying regulations? Exactly what the market needs to make it easier for companies in EAEU countries.
Fuerza
This will foster competition and innovation within the union!
Ongania
This will lead to devaluation of our home currency, and the Russian ruble will be fine.
Fuerza
Finally! Easier access to capital for our businesses!