Russia (RU)

Jurisdiction Overview

IDQuestionAnswer
172 *Are bearer shares available? No, bearer shares are not available/not circulating.
 Data Date: 2017

Notes

 
"Bearer shares cannot be issued under Russian Law. The Law on Securities Markets applies “during the issue and circulation of securities, regardless of the type of the issuer”, that is, regardless of whether the securities (including shares) relate to publicly traded entities or otherwise" (GF 2012: 27). Bearer debt is allowed (OECD 2010:184). In 2017, the World Bank (STAR) informs that bearer shares are not available in Russia (star.worldbank.org).

Sources

OECD 2010:184, GF 2012: 27
 
https://star.worldbank.org/sites/star/files/g20_bo_country_guide_russia.pdf