Russian stock market capitalisation to reach 66% of GDP by 2030

By Aya El Sayed On Apr 1, 2024

National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Credit: Reuters.

Russian President Vladimir Putin instructed the Bank of Russia and the government to enhance the country’s stock market capitalisation to 66 per cent of GDP by 2030, as reported by TASS on Monday.

Prime Minister Mikhail Mishustin and Central Bank Governor Elvira Nabiullina are responsible for increasing Russia’s stock market capitalisation, and shall submit a progress report due by April 1, 2025, to the head of state.

In his address, President Putin underscored the dual need to augment the stock market’s capitalisation for it to serve as a stronger investment source and to empower citizens to contribute their savings towards the nation’s development.