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26 Jan, 2012 14:50

Moscow promotes itself at Davos Forum

Moscow is pulling out all the stops at the Davos Economic Forum promoting itself as an international financial centre.

Deputy Mayor Andrey Sharonov told RT,  “Davos is very important, because it’s a unique place were 3000 global leaders from business , governments and international organizations come together to discuss different issues”.

“It is a place where Moscow must be exhibited and promote itself as a potentially interesting place for all these people”, he stressed.

Many international investors are already in Moscow but the city needs more liquidity as well as a better investment climate to develop as a financial centre.  “The government should force the situation and arrange the privatization of the Moscow stock exchange through an IPO, it would definitely attract liquidity from all around the world”, suggested Mr Sharonov.

“The main names are already in Moscow and they are ready to buy good products”, he said adding “the investment climate and Russian jurisdiction should be attractive for investors.”

In an interview with Business RT Andrey Sharonov revealed Moscow’s priorities in becoming a top financial centre and expressed his opinion on how to reduce the negative impact of the global economical situation on Russia.