The Russian Federation forced the EBRD to sell its stake in the Moscow Stock Exchange for 30% of its value.
Russian Forbes reported that the EBRD sold its 5.3% stake in the Moscow Stock Exchange, receiving only a third of its market value – ₽7.28B ($76.3M), instead of ₽22.8B. The bank had to agree to sell at a 60% discount, when the average is 50%, and pay a 20% exit tax. This package of shares will be bought by the Softline IT group, which, after the beginning of Russia’s aggression against Ukraine, was divided into a Russian portion and a