Russia Depositary to Open Foreigner Nominee Accounts in March

Foreign investors will be able to use nominee accounts with Russia’s Central Depositary from March 30, said Dmitry Pankin, head of Russia’s financial market service.

“This is a very significant, concrete step” in the development of the local market, Pankin told a conference in Moscow today.

Trading of Russia’s government ruble bonds known as OFZs through the central depositary will start next month, Pankin said at a conference today.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.