Instructions to the Government of the Russian Federation and the Bank of Russia relate to stimulating the placement of shares of Russian joint stock companies on the domestic financial market and the possibility of providing such companies (including companies co-owned by the state) with state support when they enter the capital market; support for organisations attracting equity financing; and stimulating demand for Russian companies’ stock.
The Government of the Russian Federation and the Bank of Russia have also been instructed to ensure legislative amendments concerning, inter alia, the simplified procedure for registering persons who are not tax residents of the Russian Federation with the tax authorities; enabling credit institutions to use methods for remote client identification (including through video-conferencing); and the creation of a family savings instrument.
The Government of the Russian Federation, the Agency for Strategic Initiatives to Promote New Projects, along with regional executive authorities and leading business associations, have been instructed to launch a regular mechanism for implementing the national model of target conditions for doing business, which would include relevant working groups and an analysis of legal practices in various areas.