The Russian Federal Commission for the Securities Market will work out new listing rules for Russian issuers before the end of this year. The new rules will regulate formats of financial reports to be provided by issuers, Igor Kostikov, the commission's chairman, announced today at a conference devoted to Russia's transition to International Accounting Standards (IAS). He noted that the new rules would stipulate that first-level issuers should provide financial reports only according to IAS. Currently, domestic issuers can submit reports according to IAS or US GAAP.
Kostikov noted that the Finance Ministry was expected to approve the new listing standards at the beginning of 2004. He also stated that this would change the situation on the Russian stock market but the market was ready for a switch to IAS.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War