The Russian Stock Market

Reflecting Society's Broader Problems

Author(s): Philippe Rudaz
Editor(s): Stephen Aris, Matthias Neumann, Robert Orttung, Jeronim Perovic, Heiko Pleines, Hans-Henning Schröder
Series: Russian Analytical Digest (RAD)
Issue: 74
Pages: 7-10
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Research Centre for East European Studies, University of Bremen; Institute of History, University of Basel
Publication Year: 2010

The Russian stock market has yet to overcome the problems that it inherited as a legacy from the mass privatization and loans-for-shares program that took place during the 1990s. After its founding in 1994, Russia's stock market grew quickly through 1998 and then continued to boom from 2000 to the 2008 crisis. However, the recent problems in the stock market contributed to the lack of liquidity in the financial sector. Reforms are needed to address problems with the regulatory agencies, extensive corporate conflict, unclear property rights, and the dearth of domestic investors. Ultimately the problems in the stock market reflect the low levels of trust in Russia society.

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