It has been reported that Russia’s First Deputy Prime Minister Igor Shuvalov has suggested that Russian companies should delist from Western stock exchanges and relist in Moscow. In a public address on 8 April 2014, Shuvalov stated that this policy was a “matter of economic security”, adding however that “companies should make independent decisions”.

To encourage such migration to the OAO Moscow Exchange, Shuvalov promised “attractive” conditions to Russian companies who relisted, particularly through increased trading hours, pricing oil and gas in roubles and aligning the settlement system with international markets.

Shuvalov has confirmed that delisting is not mandatory and companies will be able to come to a decision independently.

Bloomberg news reports