EASTERN ECONOMIC FORUM TO SEE FIRST DEALS INVOLVING NEW VOSKHOD INVESTMENT SYSTEM
21 July 2016
The unique possibilities of the new trading platform were presented at the MINEX Far East conference in Magadan, reports a press release from the Ministry for the Development of the Russian Far East.
The new trading platform is already working in beta mode. The first securities issuers under the Voskhod investment system could include mining companies from Magadan Region. The project to set up Voskhod has been actively supported by Magadan Governor Vladimir Pechyony: there are a number of companies in the region that would benefit from such financial instruments. Furthermore, the programme may lead to additional services – for example, a platform for trading gold nuggets.
“We expect the Voskhod information system to become another important mechanism for attracting investment to the Russian Far East. For this to happen, of course, we need not only to make the information system user-friendly, but also to create the conditions that will make the financial investment mechanism in the macroregion competitive. We are currently working on new regulations, including with regard to special tax concessions and simplified procedures for working with securities”, said Alexander Krutikov, Director of the Department for the Delivery of Investment Projects at the Ministry for the Development of the Russian Far East.