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Kudrin Named Head of Moscow Exchange Board

Published: June 27, 2014 (Issue # 1817)



  • Alexei Kudrin at a Moscow Exchange forum in March.
    Photo: Maxim Stulov / Vedomosti

Influential Former Finance Minister Alexei Kudrin gave a taste of his plans for the Moscow Exchange on Thursday following his appointment as head of the supervisory board earlier that day, Vedomosti reported.

Kudrin, a prominent liberal voice and champion of the free market, was finance minister for 11 years before being fired in 2011 by then-President Dmitry Medvedev for criticizing state spending. He was nominated for his new role by Central Bank chief Elvira Nabiullina and replaces Sergei Shvetsov, who had held the post since 2011.

"The Russian market needs more public offerings," Kudrin said. "Our aim is to gradually improve financial legislation and expand the exchange's operations. Furthermore, it is important that our financial market participates more in investment. In Russia, the financial market has an incommensurably small role in investment."

Kudrin said that he plans to help create a new strategy for the exchange along with his fellow board members. "We will form a plan of action, but the main thing is to prepare and rubber stamp a three-year development plan for the exchange in the fall," he said, Vedomosti reported.

The board has 14 other members. Last year there were 19 members, but in November shareholders decided to cut five of the spots in a bid to improve efficiency.





 


ALL ABOUT TOWN

Sunday, Dec. 21


The Zenit St. Petersburg basketball team returns to the northern capital this evening for a matchup with Krasny Oktyabr, a Volgograd-based basketball club. Tickets for the game, which tips off at 6 p.m. this evening, can be purchased on the club’s website or at their arena, Sibur Arena, on Krestovsky island.


Satisfy your sugar cravings during Sweet New Year, an ongoing seasonal festival at the Raduga shopping center. Each weekend of December will welcome hungry visitors to taste hundreds of different kinds of desserts. Workshops are open to visitors and seasonal gifts can also be purchased for those rushing to finish their New Year shopping.



Monday, Dec. 22


Pick out the latest fashions as holiday gifts for loved ones or as early presents for yourself during the Christmas Design Sale at Kraft on Obvodny Kanal, starting on Dec. 20 and continuing through Dec. 27. Designer clothes will be on sale every day of the week or you can buy something more festive to decorate the home while sipping on hot coffee and perusing the various master classes.



Tuesday, Dec. 23


Meet Arctic explorers Fedor Konukhov and Viktor Simonov during SPIBA’s and Capital Legal Service’s event “Arctic Expedition” this morning in the Mertens House business center at 21 Nevsky Prospekt. The meeting will discuss the explorers’ ongoing eco-social project and how companies can use the project as a unique marketing opportunity. Email office@spiba.ru by Dec. 22 if you wish to attend.



Wednesday, Dec. 24


The Anglican Church of St. Petersburg we will be holding a Christmas Eve service at 7 p.m. led by Rev Wm. Shepley Curtis of the Episcopal Church. The service will be held at the Swedish Church at 1/3 Malaya Konyushennaya Ulitsa.



To have your event included in All About Town, email tot@sptimes.ru



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