OREANDA-NEWS Investors from friendly countries are still wary of investing in Russia, because they do not want to fall under secondary sanctions. Finance Minister Anton Siluanov acknowledged this problem during a lecture at the Financial University under the government, Interfax writes.

According to him, the government is "maximally interested" in attracting foreigners and would like Russians to also have the opportunity to invest in the instruments of other countries, but so far it does not encourage such investments because of the risks.

As a result, the main investors in the Russian financial market, said the head of the Ministry of Finance, remain domestic. The authorities are working on building an interdepartmental infrastructure with friendly countries, in particular with the BRICS countries, but the topic is developing "very, very cautiously" and not in the way Moscow would like. At the same time, the depository bridges promoted by Moscow would significantly facilitate mutual investments of foreigners in Russian securities and Russians in foreign ones.

Earlier, Deputy Finance Minister Alexei Moiseev explained that large companies are hesitant to conduct initial public offerings (IPOs) on the Moscow Stock Exchange due to the too small capacity of the stock market. It would be ridiculous to sell a couple of percent of the company, and domestic investors would not be able to handle a larger percentage.

At the same time, the official believes that in 2025, investors from unfriendly countries who actively worked on the Russian stock market before the outbreak of hostilities in Ukraine will begin to return to the Russian stock market. However, the head of the supervisory board of the Moscow Stock Exchange, Sergey Shvetsov, called for leaving illusions about the return of high-quality and non-speculative capital until political tensions are resolved.