President of Russia Approves List of Instructions Following Meeting with Business Leaders
Putin orders sweeping reforms to cut red tape and protect investors
The President of Russia has approved a list of instructions following a meeting with business leaders at the Russian Union of Industrialists and Entrepreneurs congress.
The list includes an instruction to reduce the administrative burden on workers in the budget sector, primarily on teachers and doctors. The President expects a report on this issue by August 1. The Prime Minister Mikhail Mishustin and the State Duma Chairman Vyacheslav Volodin are responsible for this task.
Other instructions include: - The government, together with the Central Bank of Russia and the General Prosecutor's Office, must prepare proposals for creating a mechanism to protect the rights of minority shareholders. - The government is instructed to report quarterly on the shortage of personnel in the country, the release of workers, and the relocation of labor resources, with the first report due by August 1.
The Russian Union of Industrialists and Entrepreneurs is recommended to consider the participation of companies in the restoration of cultural heritage sites when awarding prizes in the field of entrepreneurship. The President expects a report on this issue by October 1. By August 1, it is necessary to integrate projects for investments in cultural heritage sites that are in poor condition into a common system of investment support in regions. This instruction is addressed to the government, VEB.RF, Dom.RF, and the Agency for Strategic Initiatives.
Additionally, the government and the Central Bank of Russia are instructed to develop proposals for the requirements for the minimum share of shares in free circulation for inclusion in the quotation lists of the Moscow Exchange. These requirements will depend on the size of the issuer's capital. The list of instructions was published by the Kremlin's press service.
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