Russians can now buy stocks of S&P500 companies through Moscow Exchange

At first investors will be able to buy stocks of 19 companies using roubles. The head sales director Ihor Maric mentioned that doing trading and other operations using local currency will help to avoid excessive fees and immediately allow to see owner’s portfolio. This was reported by the newspaper “Vedomosti”. It has been announced that on September 7 the Moscow Exchange will expand to include Apple stocks. The stocks of other 30 companies will be added later.