The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Russia debate: Russia pushes on with financial markets developments

Moscow’s attempt to develop as an important financial centre is at the core of a series of capital markets-friendly legislative changes. Euromoney talks to investors, City of Moscow officials, exchange heads and regulators about progress so far and what is to come.

Russia debate: Learn more about the panelists

Executive summary

• Moscow’s ambition to become an important international financial centre rests on the creation of a deep pool of liquidity

• The financial centre’s development requires a substantial legislative reform of the financial system that is already well under way

• Competition from other financial centres will not undercut Moscow’s offering

• A broadening and deepening of Russian capital markets is being achieved with new laws, culminating in a curb on insider trading and market manipulation

• A shortage of long-term bond issuance is being overcome

• Infrastructure developments should underpin Moscow’s financial centre plans

SR, Euromoney One of Moscow’s key objectives is to be a significant international financial centre. But what elements of a financial centre do you think are important?

Yuri Roslyak (YR) has been First Deputy Mayor of the City of Moscow and head of the Moscow City Economical Policy and Development Complex since 2003
YR, City of Moscow On the most basic level we would like to establish a system that allows for the effective deployment and use of capital to the mutual benefit of issuers and lenders.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree