International cooperation
The Bank of Russia’s participation in international organisations and forums enables it to consistently uphold national interests, ensure that the positions of Russia and its partners are reflected in official documents, influence the development of international standards for financial regulation and supervision, and maintain a professional dialogue on financial stability issues in a changing global environment.
The G20 is the leading multilateral forum for cooperation on the most pressing issues on the international economic and financial agenda.
The G20’s activities are divided into two global tracks: the Finance Track and the Sherpa Track (sectoral areas covering trade, investment, healthcare, energy, employment, anti-corruption and others). The Bank of Russia participates in the work of both tracks.
The Bank of Russia regularly participates in meetings of finance ministers and central bank governors and of their deputies, as well as in the activities of task forces and working groups, G20 workshops and conferences. Participants in G20 meetings exchange experience and best practices, including on issues of financial regulation and supervision. Approaches to resolving key issues on the economic agenda are developed on the basis of consensus.
For enquiries regarding the Bank of Russia’s participation in the G20: G20@cbr.ru.
The FSB was established in 2009 following a decision by the leaders of the G20 to develop and implement financial regulation reforms. The FSB’s key task is to ensure the stability of international financial markets by identifying vulnerabilities and risks in the global financial system and coordinating the response of regulatory authorities. The Bank of Russia has been involved in the FSB’s work since its inception.
For enquiries regarding the Bank of Russia’s participation in the FSB: FSB@cbr.ru.
The IAIS was established in 1994 to develop the global insurance market on the basis of common principles and to promote financial stability.
In 2007, the IAIS developed the Multilateral Memorandum of Understanding on Cooperation and Information Exchange (IAIS MMoU) to enhance the effectiveness of cooperation among IAIS members on the supervision of insurance organisations and groups operating across borders. The IAIS MMoU covers licensing, ongoing supervision, resolution, the supervision of insurance intermediaries, as well as anti-money laundering and counter-terrorist financing. The Bank of Russia joined the IAIS MMoU in 2018.
For enquiries regarding the exchange of information on insurance supervision: insurance_request@cbr.ru.
Launched at the Paris One Planet Summit in December 2017, the NGFS is a group of Central Banks and Supervisors willing, on a voluntary basis, to share best practices and contribute to the development of environment and climate risk management in the financial sector and to mobilise finance to support the transition toward a sustainable economy. The Bank of Russia joined the NGFS in 2019.
In its climate stress tests, the Bank of Russia uses adapted NGFS scenarios. To read more about the Bank of Russia’s activities in the area of climate change, please refer to the dedicated section.
The UNFCCC is an international treaty that marked the beginning of global cooperation on climate change. The supreme decision-making body of the UNFCCC is Conference of Parties (COP), where nations negotiate global responses to climate change, review emission reduction targets, and advance actions.
Since 2023 (COP28), the Bank of Russia is actively involved in the climate finance negotiations under the UNFCCC. In 2025, the representative from the Financial Stability Department became a member of the Standing Committee on Finance (SCF), a technical body assisting the COP with implementing tasks in relation to the UNFCCC Financial Mechanism. In addition, the Bank of Russia also participates in Veredas Dialogue on the implementation of the Article 2, paragraph 1(с), of the Paris Agreement and its complementarity with Article 9 of the Paris Agreement.
The ROC was established in November 2012 to coordinate and oversee a global framework for legal entity identifier, the Global LEI System (GLEIS). In October 2020 the ROC expanded its mandate to become the International Governance Body (IGB) for the globally harmonised Unique Transaction Identifier (UTI), the Unique Product Identifier (UPI) and the Critical Data Elements (CDE) for derivatives transactions. The Bank of Russia joined the ROC in 2013.
In 2012, following the request of the G20 to the Financial Stability Board, the LEI1 was developed. The LEI supports authorities and market participants in identifying and managing financial risks. Today, the Financial Stability Board and the ROC continue to encourage the widespread adoption of LEI, and publish recommendations and reports on the progress of LEI implementation by jurisdictions.
In Russia, the national standard identical to international ISO 17442 LEI was adopted in January 2025 – GOST R ISO
1 The Legal Entity Identifier (LEI) is a