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Instructions following a meeting with Government members

March 4, 2014

Vladimir Putin signed a list of instructions drafted following a meeting with members of the Government on February 12, 2014.

The Government of the Russian Federation has been instructed jointly with the Central Bank to ensure the implementation of legislative amendments that concern introducing criminal responsibility for book cooking by financial organisations; countering the spread of knowingly false information from unidentified sources about the financial state of lending and other public financial institutions; and improving procedures for financial rehabilitation and liquidation of credit institutions.

Instructions to the Government and the Central Bank also concern improving mechanisms for influencing credit institutions with the goal of preventing them from conducting shady transactions; combating legalisation (laundering) of criminal proceeds and financing terrorism; improving mechanisms for countering the illegal use of insider information and market manipulation; determining mechanisms for over-the-counter Forex market regulation, and other issues.

The Government has been instructed jointly with Krasnodar Territory administration to ensure further development of social infrastructure in the city of Sochi, in particular to equip medical facilities in accordance with modern requirements.

Instructions to the Economic Development Ministry concern, in part, the development of a long-term socioeconomic development forecast for Russia; measures to improve labour productivity; and the creation of an integrated system for supporting export.

March 4, 2014