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Moscow on its way to becoming an international financial center. Alexander Potemkin, President of the MICEX. MICEX and DB value chains. Russian issuers on the world exchanges. The ADR/GDR’s traded on DB : Gazprom RAO UES GMK Norilsk Nickel LUKOIL Sberbank Rostelecom Rosneft
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Moscow on its way to becoming an international financial center Alexander Potemkin, President of the MICEX
Russian issuers on the world exchanges • The ADR/GDR’s traded on DB: • Gazprom • RAO UES • GMK Norilsk Nickel • LUKOIL • Sberbank • Rostelecom • Rosneft • Surgutneftegaz • VTB • MTS and others
Distribution of investors-nonresidentsby countries 221.8 bn 2.6bn 0.1bn 0.2bn 0.0bn 7 Figures for investors are given for the end of September; turnover is given for 3rd quarter of 2007
Ruble gains world recognition • Russia’s international reserves at November 23, 2007: $459.6 bln — third largest after China and Japan • Currency liberalization — On July 1, 2006 the Bank of Russia fully liberalized cross-border capital flows • The share of cross-border trades in the ruble-US dollar currency market sector in September 2007 — 37.2% • Volume of ruble-denominated Eurobonds placed inJanuary–November 2007 — $4.6bln
Factors of Competitivenessof International Financial Centers
Investments Taxes Employment Image Concentration of offices Transportation infrastructure Safety Stable energy supply Modern communications Creating IFC in Moscow
International financial centers DB Moscow LSE Euronext NYSE TSE HKEx SGX 11
Contacts • www.micex.com • info@micex.com • +7 495 234-48-11 • 13, Bolshoi Kislovskiy pereulok, Moscow,125009, Russia 12