In particular, instructions given to the Russian Government concern increasing the transparency of the Russian Federation budget system and enhancing control over spending of budgetary funds; creating a body to manage Russia's government debt, Reserve Fund and National Welfare Fund assets; improving Russia’s budget legislation; and simplifying admission procedures for foreign securities on the Russian financial market.
The Government is also instructed to present suggestions on the possibility and feasibility of issuing Russian Federation government securities, convertible into shares in open joint stock companies subject to privatisation; on quicker reduction of non-core assets in companies where the state holds a controlling stake; on limiting opportunities for companies in which the state holds a controlling stake to purchase equity stakes in companies from competing sectors of the Russian economy; and on the possibility and feasibility of holding marketing events to attract new residents to special economic zones of all types.
The Government is instructed to develop tax incentives aimed at increasing the investment potential of the Russian stock market, and consider the issue of recognising international information security standards and submit corresponding suggestions.
The Moscow City Government is instructed to develop a comprehensive planning system for the city’s socio-economic development in the long term, in accordance with the Moscow City Development Strategy until 2025, the concept of Greater Moscow area and the General Plan for the Moscow City; to prepare and submit suggestions on making use of the experience of leading global financial centres as regards system safety, increasing living standards and improving city planning.
Instructions were also given to the Bank of Russia, the Higher Arbitration Court, the Interior Ministry, and the Federal Security Service.