Russia to trade on stock exchanges

The Russian government has passed a law which will permit the Central Bank of Russia to trade securities on the over-the-counter market and on stock exchanges.

Sergei Shvetsov, the director of the central bank's open market operations department, told reporters on Tuesday that the bill had been passed. It will now have to be approved in three readings by the parliament's lower house, the Duma, and one by the Federation Council, the upper house, before President Putin signs it into law.

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