On September 13, 2021, a document released by the Russian Ministry of Finance shows that the Russian government and central bank believe that further deepening of financial cooperation with China is a priority for the development of Russia's financial sector.

On the same day, the Russian Ministry of Finance announced the development strategy of the Russian financial market in 2030 for public discussion. According to this strategy, Russia takes the promotion of integration with Asia, especially China’s financial markets as a priority, and will continue to strengthen cooperation between Russia and China’s financial markets, including providing assistance for investors and issuers of the two countries to enter each other’s capital markets, and providing assistance in bilateral economic and trade relations. Expansion of domestic currency denominated settlement, etc. in transactions.

Russian Deputy Finance Minister Moiseyev introduced that the strategy also involves a series of contents such as protecting the rights of consumers in financial services, promoting financial digitization, and optimizing the regulatory system.

It is reported that the Russian government and central bank hope to implement this strategy to optimize the competitive environment of the Russian financial market and increase investor confidence in the Russian financial market. Editor/Tian Zengpeng