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Instructions following meeting with leading Russian investors

April 1, 2020

Vladimir Putin approved a list of instructions following the meeting with leading Russian investors, which was held on March 11, 2020.

For rapid development, the Russian Government, together with interested organisations and representatives of the scientific and technological business community, has been instructed to develop a set of measures to test highly automated unmanned vehicles and gradually put them into operation on public roads, providing for their test commercial operation in certain regions of the Russian Federation.

In addition, instructions to the Government concern initiatives providing for the publication in the media of information on small and medium-sized high-tech enterprises, and the creation of special units and venture funds involving state corporations and companies with state participation, as well as other tools used by such companies in order to finance the development of high technology.

The Government, together with the Bank of Russia and the Russian Direct Investment Fund Management Company, has been instructed to submit proposals to create mechanisms to increase the volume of investment by state corporations and companies with state participation in venture funds, as well as to increase the protection of investors of closed-end mutual investment funds financing investment projects in Russia, including as part of the functioning of special administrative districts on Russky Island (Primorye Territory) and Oktyabrsky Island (Kaliningrad Region).

It has been recommended that the Bank of Russia, together with the Russian Government, consider the possibility of allocating pension reserve funds and investing pension saving funds by non-state pension funds in direct and venture investment funds.

The instruction to the Defence Ministry concerns the participation of citizens on military service in the work of the relevant research and engineering laboratories.

April 1, 2020