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Presidential Executive Office2023
Events

Dmitry Medvedev held a meeting on establishing an international financial centre in Russia

September 11, 2008
13:00
The Kremlin, Moscow
None
None
None

The President set the task of completing the development and adoption of a legal framework for the establishment of an international financial centre in Moscow by 2008–2009.

According to the head of state, the impact of the financial crisis on world markets has led us to question the leadership of traditional financial centres and their ability to resolve the situation. At the same time, he stressed that over the past six years the Russian economy has maintained macroeconomic stability and demonstrates a high rate of GDP growth, the Russian stock market has grown, and its banking system has become stronger. Listing Russia’s competitive advantages, the President included Russia’s convenient geographical position and the consistent diversification of its economic structures, as well as its close, multifaceted relationships with most leading countries, both developed countries and those with economies in transition.

Dmitry Medvedev said that the establishment of such a centre in Russia will help modernise the country’s financial infrastructure, transform the Russian market into an international financial platform in the region that could potentially compete in global markets, and increase the level of integration with the CIS and other countries.
The head of state also requested that the government cabinet and Central Bank do everything necessary for the influx of additional funds into the financial market.

See also

Opening Address at a Meeting on Establishing an International Financial Centre in Russia
September 11, 2008

Publication status

Published in section: News

Publication date: September 11, 2008, 13:00

Direct link: en.kremlin.ru/d/1362

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Official Website of the President of Russia:

Dmitry Medvedev held a meeting on establishing an international financial centre in Russia

http://en.kremlin.ru/events/president/news/1362

Last updated at March 20, 2015, 18:02

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