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Vladimir Putin signed a list of instructions following meeting on economic issues of June 10.
The Government of the Russian Federation is instructed to submit proposals on how to reduce the growth rate of regulated prices and tariffs, specifying concrete figures for individual sectors. It is also instructed to increase the amount of National Welfare Fund resources invested in sustainable investment projects, as well as to improve the mechanisms governing the provision of state loan guarantees for small and medium businesses.
In conjunction with the Central Bank, the Government is instructed to submit proposals for measures aimed at reducing the costs of lending to companies in the real sector. These include measures aimed at reducing bureaucracy incumbent on banks, protecting creditors’ rights, and developing competition in the banking sector.
June 11, 2013