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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Сentral Bank Sells MOEX Stake

02.07.2014 12:15 / MIFC

The Bank of Russia website has reported that on 2 July, the Central Bank sold off 267.3 mln MOEX shares or 11.7% charter capital, at RUB 60 per share, with participation of Goldman Sachs, J.P. Morgan, VTB Capital and Sberbank CIB as financial advisors; Gazprombank and Citigroup as co-contractors — financial advisors.

The MOEX sell-off comes with a 6-month lock-up period, CB First Deputy Chairman Sergey Shvetsov told the press Wednesday at the International Banking Congress in St Petersburg.

According to him, the investors were allocated roughly 15% in Asia, 33% in Europe, with some 40% - in Russia. Over 10% shares were allocated to American investors.

Following the lock-up, CB obliged by federal law to exit MOEX by 1 January 2016. Shvetsov said the Central Bank still holds a roughly 11,7% stock in the Exchange.

“We had a case of accelerated book-building. We have worked with investors for a few months, but the book itself was built overnight. We never asked, never pleaded for shareholders’ support. This deal was made by the market”, said Shvetsov.

According to Moscow Exchange mid-May data, the Central Bank owned 28.26% of MOEX charter capital, or 643 million 937 thousand 109 shares, including repo contracts.

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