Working Group of Russian Government and Bank of Russia for developing financial instruments holds its first meeting

In the course of the meeting, the Working Group created four topic-based subgroups and approved their leaders.

The subgroup ‘Development of Tax Regulation’ will be headed by State Secretary — Deputy Minister of Finance Alexey Sazanov, the subgroup ‘Investors’ — by Deputy Minister of Finance Alexey Moiseev, the subgroup ‘Development of Financial Instruments and Venture Capital Finance’ — by First Deputy Governor of the Bank of Russia Sergey Shvetsov, and the subgroup ‘Available Funds for Investment Projects’ — by First Deputy Minister of Economic Development Andrey Ivanov. The subgroups will be formed by 15 July 2021 and include representatives of the regulators and the financial industry and experts.

The Working Group for developing financial instruments is a joint initiative of the Government of the Russian Federation and the Bank of Russia. The objective of the Working Group is to enhance financial regulation and corporate governance in order to create an enabling environment for financing investment projects. The Working Group is co-chaired by First Deputy Prime Minister of the Russian Federation Andrey Belousov and Bank of Russia Governor Elvira Nabiullina.

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25.06.2021 09.00.00