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Instructions for the Government concern a concessional mortgage programme for families with children; amendments to tax and duty legislation with respect to tax deductions on investment; possible compensation for the budget revenue shortfall of the Russian constituent entities due to tax deductions on investment; federal budget co-financing of citizens’ expenses on voluntary contributions under long-term savings programmes by non-state pension funds; and the utilisation of ownerless, abandoned or ineffectively used lands and capital construction facilities for economic operations.

The Government was also instructed to present proposals on step-by-step transfer of state-run corporations, companies with public ownership as well as parent organisations of integrated structures that are part of such corporations and companies, from Moscow to the Russian regions where their main production and other operations are conducted, with a particular focus on the regions in the Urals, Siberian and Far Eastern federal districts.

The Government and the VEB.RF state development corporation were instructed to increase the maximum amount of the corporation’s financial interest in the investment projects under the Project Finance Factory Programme, to 600 billion rubles, as a measure to expand the total volume of lending for such projects to at least 6 trillion rubles, while allocating the necessary funding from the federal budget.

The Government and the Bank of Russia were instructed to amend the list of priority projects focused on technological sovereignty and structural adaptation of the Russian economy, as a measure to provide more opportunities for investment projects to receive funding from lending organisations; to optimise the financial costs of Russian organisations, including the costs resulting from listing their stocks in the domestic financial market; to stimulate public offerings by Russian stock companies in the domestic financial market; to compensate for the initial public offering costs of small tech companies in the domestic financial market; and to engage the public in a long-term savings programme built by non-state pension funds.

The Government and regional executive bodies, in coordination with major public associations of entrepreneurs, were instructed to propose amendments to legislation in order to establish unified support principles for new investment projects in the Russian regions.

The State Duma and the Government were asked to ensure the adoption of a federal law on the development of creative industries in the Russian Federation.

The Roscongress Foundation was instructed to arrange the analysis and summary of the final results of the 27^th St Petersburg International Economic Forum.