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Russia’s capital market not fully employed — Central Bank chief

Elvira Nabiullina noted that its share is minor

ST. PETERSBURG, June 19. /TASS/. Russia’s capital market is not fully employed now, Central Bank Governor Elvira Nabiullina said, adding that the regulator is discussing measures on its development with the government.

"The development of the capital market is another thing that the financial field can provide to the economy. We are always saying that. All agree that the capital market is not fully employed, its share is minor," she said at the St. Petersburg International Economic Forum (SPIEF).

The Bank of Russia is currently discussing measures on development of the capital market, Nabiullina added. "I believe that those measures that have been developed, are not sufficient to fulfill the task set by the president on growth of capitalization and the stock market," she said.

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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