MSCI may exclude Russia from emerging markets index – RIA Novosti

MSCI may exclude Russia from emerging markets index – RIA Novosti

MOSCOW, December 17 – RIA Novosti. MSCI Russia may exclude from the calculation of the index of emerging markets (Emerging Markets Index), if the country will restrict the movement of capital, the message says the organization.

“In accordance with the classification of markets MSCI (Market Classification Framework), the imposition of restrictive measures, such as capital controls or currency controls, which may reduce the availability of the Russian stock market may lead to the exclusion of the MSCI Russia Index MSCI Emerging Markets, as well as proposals review the status of the Russian market under the classification “- the MSCI.

The Russian government has repeatedly stated that it is not planning to either restrict the movement of capital, nor to introduce exchange controls. In particular, it was declared on the eve of Economic Development Minister Alexei Ulyukayev following a meeting with the Prime Minister Dmitry Medve dev, where the government and the Central Bank have outlined a set of measures to stabilize the foreign exchange market.