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stocks, which has created a new large pool of liquidity and added some stability to the Russian equity market.
And the pace of opening new accounts seems to have doubled: in just the first month of this year another 1.2mn people opened new trading accounts. Over the past six years, the number of private investors on the Moscow Exchange has grown tenfold, reports Prime.
"The emergence of an internal investor is important for the entire economy, as it expands the ability of Russian companies to raise capital for business development," said Yuri Denisov, chairman of MOEX as cited by Prime.
In total, individuals have opened over 16mn brokerage accounts on the Moscow Exchange. The leaders in the number of open accounts of private investors are Sberbank (4.2mn), Tinkoff Bank (4.19mn), VTB (1.23mn), BCS (630,000), Alfa-Bank (560,000).
2.6 Putin’s trust poll numbers up 3pp to 32%, Navalny down 1pp to 4%
Russian President Vladimir Putin’s trust rating improved by 3 percentage points to 32%, while that of jailed anti-corruption activist and opposition politician Alexei Navalny fell by one point to 4% in between December 2020 and February 2021, the independent pollster the Levada Center found in its latest
18 RUSSIA Country Report March 2021 www.intellinews.com