Putin instructed to expand the possibilities of issuing securities of high-tech companies

Russian President Vladimir Putin instructed the government, the Bank of Russia and VEB.RF to take additional measures to expand the possibilities of placing securities of fast-growing high-tech companies on the exchange market and investment platforms.

The President made the corresponding instruction following the results of the 14th VTB investment forum “Russia Calling!”, reported on website Kremlin. A report on its implementation must be submitted by May 1, 2024.

During the forum, which took place on December 7–8, 2023, President statedthat the government and the Central Bank need to pay increased attention to the segment of fast-growing high-tech startups.

After the start of the military operation on the territory of Ukraine, the venture market as a whole in Russia decreased almost four times. He is recovering began only in the third quarter of 2023, but only in terms of the number of transactions. At the end of November last year, the Ministry of Digital Development offered until 2030, allocate 27 billion rubles. for grants to IT startups and allow them to participate in government procurement.

How 2023 changed the attitude of business and the government to forecasts – in the Kommersant publication “Wait for three boxes”.

Erdni Kagaltynov