Department for Cooperation with International Organisations
The Department is responsible for organising, coordinating, supporting and developing the Bank of Russia’s international activity in the following focus areas:
- Financial and regional integration (EAEU, CIS, Union State, etc.) — participation of the Bank of Russia in the realisation of the international commitments of the Russian Federation and/or the Bank of Russia, including by harmonising the laws and simplifying the conditions for admission in the insurance, banking and securities sectors on a reciprocal basis.
- Regional cooperation (EAEU member states, other regions/countries as approved by the responsible (First) Deputy Governor of the Bank of Russia — cooperation between the Bank of Russia and foreign financial regulators on issues of mutual interest.
- Multilateral cooperation (BRICS, IMF, SCO, APEC, WTO, ASEAN, New Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Asian Infrastructure Investment Bank, Asian Development Bank, Eurasian Development Bank, Black Sea Trade and Development Bank, Interstate Bank, Eurasian Fund for Stabilization and Development, Russian Kyrgyz Development Fund, etc.) — realisation of Russia’s interests, promotion of the Bank of Russia’s agenda, and exchange of experience.
The Department is in charge of developing, updating and adapting the tools used by the Bank of Russia in its international activity (the Competency Chart for the Bank of Russia’s international activity, the Board on the Bank of Russia International Activity, the system for assessing the reasonableness of the Bank of Russia’s membership in international organisations (associations) and their working groups) to the Bank of Russia’s needs, and is responsible for the work of the Bank of Russia’s Expert Council on Financial Integration of the EAEU Member States.
The Department also provides organisational support for the work of Bank of Russia officials at events with the participation of foreign counterparties (both in Russia and abroad) and prompt translations for the Bank of Russia’s structural units.