MIFC: Key Facts

A source of basic facts about the International Financial Centre in Moscow

Task Assignments

06.12.2011 / Moscow

Task Assignments given by the President of the Russian Federation following the MIFC International Advisory Board session
on 28 October 2011.

Events Calendar

April 2019

Media Coverage

29.01.2014 / Interfax

Russia #3 Worldwide in Foreign Direct Investment

FDI in developing and transitional economies hit record highs in 2013, according to United Nations Conference on Trade and Development (UNCTAD) report.

06.04.2013 / Kommersant

Central Bank Builds Financial Center

FFMS merger with the CB will significantly improve regulation – as expected by reform participants and instigators alike. Yesterday the Bank of Russia, FFMS and Minfin reps made a public presentation of the financial megaregulator, as the process has entered implementation stage. In the meantime, MIFC mastermind Alexander Voloshin sees the future unification of oversight as a key milestone for Moscow as International Financial Center.

29.01.2013 / Interfax

MIFC Location to be Determined by Workgroup

Russian Prime Minister Dmitry Medvedev is planning to establish a workgroup to determine the location of Moscow International Financial Center (MIFC) infrastructure.

Our progress / Hot Topics

Trading infrastructure

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NDC Head Doesn’t See Threats In Bringing Euroclear At Russian Market

06.11.2012 16:35 / Interfax

“Such bodies as Euroclear and Clearstream will partly take liquidity of the Russian market, but, on the other hand, the very infrastructure related to work with Russian assets will become less risky; so, leading foreign investors (funds predominantly) will be able to increase their investment limits in Russia. Hence, liquidity will come to Russia, and the circulation will grow,” he said in his interview to INTERFAX – AFI.

According to him, a share of foreigners in OFZs (Federal Loan Obligations) at the state debt market will grow up to 35%, while the current indicator shows only 3-4%.

“Talking in absolute numbers, it is all about billions of USD for the state debt market. A part of money that can be brought to the corporate sector is very hard to be evaluated today,” Astanin said. However, he noticed, the main OFZ investors have always been Russian banks because it is a refinancing tool for them.

“Speculatively, the market can move abroad only at the time when Russian investors will lose any interest in these securities. But this is hardly to become true for that is a working tool of managing liquidity,” he said. Also, according to him, there are no risks for the Russian stock market.

“Both Euroclear and Clearstream were especially created for the work with obligations and have been traditionally oriented for this market. Work with stocks and shares management needs more power and resources and is unlikely to be unified because of multiple corporate activities with these securities. That’s why risks of concentration and trading shares to foreign platforms through the links with these institutions are unlikely to happen,” he declared.

Trading infrastructureProject Group №1Eddie Astanin