Russians to gain access to information on the banks IPOs

Russian authorities have insisted on the creation of a system to provide citizens with information on share offerings. The statement comes as Finance Minister Aleksey Kudrin says the banking sector is growing rapidly, hitting record levels.

“Russians must be fully informed about share offerings by Sberbank and VTB, scheduled for the first half of 2007,” Russian president Vladimir Putin said.

He also added that technologically it should work in a way that Russians could have the possibilitiy to purchase securities, having complete access to the needed information.