Kudrin Named Head of Moscow Exchange Board

June 26, 2014 — 20:32
June 26, 2014 — 20:32
Alexei Kudrin at a Moscow Exchange forum in March.

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.

See also:

Russia Wants Exporters Paid in Rubles

Theater

The Storm

Golden Mask Festival. An avante-garde musical show based on Ostrovsky’s play about a passionate woman living with her overbearing mother-in-law and her weak-willed husband.

Thu. Mar. 23 Sun. Apr. 02
06:00 p.m.

“The Storm” by the St. Petersburg Tovstonogov Bolshoi Drama Theater is a collaboration between director Andrei Moguchy, Alexander Manotskov, one of the country’s leading new academic composers, and Vera Matrynov, former artistic director at Gogol Center, now art director of the New Space at the Theater of Nations. Manotskov wrote the music to Ostrovsky’s play, while Martynov thought up a unique stage design, including curtains featuring Palekh miniature paintings. Moguchy’s production of “The Storm” tries to recreate theater as it was “before Stanislavsky.” Read more

Between Russia and Japan: Life on the Kuril Islands

The Moscow Times takes a look at life on the disputed island chain known to Russians as the Southern Kurils, but referred to in Japan ...

see more

Why Russia's Opposition Now Takes Pride in 'Brilliant Green' Attacks

The battle against Russia’s political opposition is being waged with a bright green liquid that comes in a tiny glass bottle.

Moscow: News and Openings

From a glamorous karaoke to a cheap coffeeshop at a ...

Why Russia's Opposition Now Takes Pride in 'Brilliant Green' Attacks

The battle against Russia’s political opposition is being waged with a bright green liquid that comes in a ...