"We don`t need legal restrictions or pronouncements for that. It happens naturally and should not be forced, quotas or limits will only make things worse", said Shuvalov at the Russia-Singapore business forum on Tuesday.

Earlier, at Prime Minister Dmitry Medvedev`s meeting with businessmen, Head of Russian Private Equity Fund Kirill Dmitriev proposed mandatory SPOs in Russia for Russian companies floating their shares abroad.

Shuvalov mentioned Sberban privatization, partly placed on Moscow Exchange, as an example of Russian exchange development that requires no legal restrictions.

As reported earlier, 3% of the SPO were placed on Moscow Exchange MICEX-RTS, with 97% abroad.

Project Group №1, Igor Shuvalov