Russian financial market programme targets economic transformation

The core objective of the programme is to enhance the financial market's contribution to financing the ongoing transformation of the Russian economy.

This involves channelling investments into strategic sectors, supporting innovation, and fostering sustainable growth initiatives.

Simultaneously, the Bank of Russia and the Government are committed to maintaining the robust resilience of the financial sector, ensuring its capacity to withstand potential shocks and support long-term economic stability.

This dual focus underscores a balanced approach, aiming for dynamic development without compromising foundational strength.

The Bank of Russia actively engages with the professional and expert community during the development and implementation of these measures, ensuring a comprehensive and collaborative strategy.

This interaction is crucial for integrating diverse perspectives and expertise into the programme's execution, thereby strengthening its overall effectiveness and adaptability to evolving market conditions.

A significant pillar of the development programme is the comprehensive protection of financial consumers and investors.

This includes initiatives to enhance transparency, improve regulatory oversight, and ensure fair practices across all financial services.

Furthermore, the programme aims to significantly boost financial inclusion for both households and businesses, expanding access to essential financial products and services across the country.

Parallel efforts are directed towards the extensive digitalisation of the financial market, leveraging advanced technologies to create more efficient, secure, and accessible platforms.

This includes the continuous development of the payment infrastructure, which is vital for facilitating seamless domestic and international transactions.

Special attention is also given to strengthening the system of foreign trade payments and settlements, aiming to streamline cross-border financial flows and support international economic relations.