The AvtoVAZ carmaker discusses listing of its Global Depositary Receipts (GDR) on the Frankfurt and London stock exchanges, member of the AvtoVAZ Board of Directors Albert Gavrikov reported at a press conference today. Currently, AvtoVAZ's GDRs are traded on the Berlin Stock Exchange. The share of GDRs in the share capital of AvtoVAZ is less than 1 percent, or over RUR16bn (about $506.53m). According to Gavrikov, the top management of the car producer considers different variants regarding what stake in the company to convert into GDRs.
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