Mishustin called for the adjustment of the Russian financial system
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According to Russian Prime Minister Mikhail Mishustin, in the face of sanctions and restrictions, the Russian financial system needs to be seriously adjusted. Earlier, the need to strengthen the financial independence of the country was emphasized by Russian President Vladimir Putin.
According to the head of the Cabinet, such changes will ensure the sustainability of the activities of domestic enterprises and industries, as well as save jobs. To restore growth rates, it is necessary to develop all sectors in a comprehensive manner: the stock, banking, insurance and pension sectors.
“Thanks to joint decisions with the Bank of Russia, we managed to stabilize the markets and the banking system, reduce inflationary risks, which today has a positive effect on the dynamics of consumer demand,”— noted Mr. Mishustin at the strategic session on the development of the domestic financial system. He also urged to continue increasing the share of international payments in rubles with the gradual abandonment of the use of currencies of unfriendly countries.
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