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Instructions following State Council meeting

April 28, 2015

Vladimir Putin signed a list of instructions following the State Council meeting on April 7, 2015, on the development of small and medium-sized businesses.

The Government of the Russian Federation together with the Presidential Executive Office has been instructed to draft by the set deadline a Presidential executive order on the creation of a joint-stock company – a single institution for the development of small and medium-sized businesses in the Russian Federation on the basis of joint-stock company Non-Banking Credit and Deposit Organisation Agency for Credit Guarantees and joint-stock company Russian Bank for Small and Medium Business Support to provide financial, legal, methodological and other support to small and medium-sized businesses.

The presidential instructions also cover, among other things, certain amendments to Russian legislation and the creation of a single registry of small and medium-sized businesses that would help, among other things, to track state support to these businesses.

A number of instructions were given to the Government jointly with the Prosecutor General’s Office and the Investigative Committee.

A number of instructions to the Government, the Prosecutor General’s Office and the Federal Anti-Monopoly Service also deal with various aspects of small and medium-sized business development.

April 28, 2015