First Deputy Chairman of the Russian Central Bank, Vladimir Chistyukhin, suggested the occurrence of an “Iranian scenario” in the Russian stock market, which centers around rapid growth thanks to the investments of the local population.
“I think that after a while we will have the Iranian scenario in the sense that with great dependence on the local investor, maybe after some time by attracting foreign investors we will be able to grow very strongly in the capital market,” said Chistukhin.
The Russian official’s statement came in response to a question posed by the first deputy chairman of the board of directors of Sberbank, Alexander Fedakhin, about the possibility of repeating the “Iranian scenario” in Russia.
Vidakhin pointed out that the Iranian Stock Exchange index from 2019 to 2020 grew by six times due to the free liquidity of the population moving to the local stock exchange.
The question was raised in a session attended by experts from the banking and financial sector that took place at the International Economic Forum “Russia – the Islamic World”, which is currently being held in Kazan, the capital of Tatarstan.
Yesterday, in Kazan, the capital of the Russian Republic of Tatarstan, the events and activities of the “Russia – Islamic World” forum were launched, and the event will be held on May 18 and 19.
This article was originally published by RT.
