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. Last Updated: 07/27/2016

Brokers' Black Day

The naming of Vladimir Kadannikov as first deputy prime minister and the appointment of former deputy State Property Committee chairman Alexander Kazakov as head of the government's privatization department has not filled brokers with a lot of hope.


"In light of Chubais' resignation and the nearly complete shift to the left in both houses of parliament, it is doubtful that Chubais' former deputy will be able to continue his policies," commented a representative of Trinfiko investment company. Concerning Kadannikov, the majority of brokers are unclear as to how familiar he is with the stock market, and are unsure of his future policies in this area.