OREANDA-NEWS  The Ministry of Finance (MOF) has launched a joint discussion with the Central Bank (CB) on a new mechanism for state support of companies through the stock market. This was stated by Deputy Finance Minister Ivan Chebeskov, quoted by TASS.

We are talking about a mechanism for reimbursing companies involved in the technological sectors of the Russian economy for listing costs (the process of listing the company's securities on the stock exchange for further trading). In this regard, the stock market should become a tool for bringing state support, Chebeskov explained.

Currently, he noted, large Russian banks are mainly acting as such a tool. One of the tasks of the Ministry of Finance and the Central Bank will be to create an alternative option for bringing state support. "In addition to banks, you can use stock market tools," Chebeskov said. The Ministry of Finance and the Central Bank are currently discussing possible options on how to turn the stock market into one of the main instruments of state support for technology industries, he concluded.