Ministry of Economic Development plans to hold the first SPAC IPOs in Russia in the spring of 2022. The working group to develop rules for SPAC on the Russian market includes Rusnano Infrastructural and Educational Programs Fund and the largest shareholder of SPB Exchange - association NP RTS. The representative of the Ministry of Economic Development said that the floatation will take place on the Moscow Exchange or SPB Exchange. However, NP RTS intends to insist that the pilot placement will take place on SPE Exchange.