Bloomberg News

Russia Depositary to Open Foreigner Nominee Accounts in March

November 19, 2012

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


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