In accordance with the order, the working group will be attached to the Presidential Council for the Financial Market Development and will coordinate creating a financial centre in Russia.
Alexander Voloshin, former chairman of the Norilsk Nickel board of directors, has been appointed to head the group.
The presidential executive order confirms the working group’s status, responsibilities and members.
First Deputy Prime Minister Igor Shuvalov is tasked with coordinating government activities related to international integration, such as developing trade and economic relations, facilitating economic integration between Russia and the CIS countries, and the activities of the working group on developing an international financial centre in Russia.
The President also approved a proposal from private Russian educational establishment New Economic School to set up a research and analysis centre on developing financial markets, which would function as a non-commercial organisation and provide consulting support for creating an international financial centre in Russia.