MIL OSI Translation. Region: Russian Federation –
The meeting identified four thematic subgroups and approved their leaders.
The subgroup “Development of tax regulation” will be headed by the State Secretary – Deputy Minister of Finance Alexey Sazanov, Deputy Minister of Finance Alexey Moiseev will lead the subgroup “Investors”, the subgroup “Development of financial instruments and venture financing” will be headed by the First Deputy Chairman of the Bank of Russia Sergey Shvetsov, the subgroup “Available finance for investment projects “- First Deputy Minister of Economic Development Andrey Ivanov.
The subgroups will be formed by July 15, 2021, and will include representatives of regulators, the financial industry and experts.
The Working Group on the Development of Financial Instruments is a joint initiative of the Government of the Russian Federation and the Bank of Russia. The goal of the working group is to improve financial regulation and corporate governance to create a comfortable environment for financing investment projects.
The co-chairs of the working group are First Deputy Prime Minister Andrei Belousov and Bank of Russia Governor Elvira Nabiullina.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.