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Thestock market in Russia covers the history of thestock market and financial markets inRussia. There was no stock market during theSoviet era and modern stock markets only emerging with reforms in the 1990s.
There existed a fledgling financial market in Russia before 1917 but these were closed after theRussian Revolution. The history of the stock market of the Russian Empire before 1917 was not directly related to the history of the modern Russian securities market.[1] Under the conditions of thecommand and distribution economy of theUSSR, the movement of financial flows was determined by the decision of the party and financial and economic bodies, therefore, there was no financial or stock market until the early 1990s. There was only the so-called "black market".
The securities market in Russia began to revive in the first half of 1991 after the Decree of the Council of Ministers of theRussian Soviet Federative Socialist Republic No. 601 of December 25, 1990 "On approval of the Regulations on joint-stock companies" was adopted. However, for a long time the low level of financial and economic savvy of the country's population as a whole did not allow the market to develop. The situation was also complicated byprivatization frauds in 1993-1994.[2] The dynamic development of the legitimate stock market began only after the resumption of growth of the Russian economy since the early 2000s.[citation needed]
