Meeting on economic issues

The meeting was attended by Prime Minister Mikhail Mishustin Mishustin MikhailPrime Minister of the Russian Federation, Chief of Staff of the Presidential Executive Office Anton Vaino Vaino AntonChief of Staff of the Presidential Executive Office, Deputy Prime Minister and Chief of the Government Staff Dmitry Grigorenko Grigorenko DmitryDeputy Prime Minister of the Government of the Russian Federation - Chief of the Government Staff of the Russian Federation, Deputy Prime Minister Alexander Novak Novak AlexanderDeputy Prime Minister of the Government of the Russian Federation, Presidential Aide Maxim Oreshkin Oreshkin MaximDeputy Chief of Staff of the Presidential Executive Office, Aide to the President - Head of the Presidential State-Legal Directorate Larisa Brychyova Brychyova LarisaAide to the President - Head of the Presidential State-Legal Directorate, Minister of Economic Development Maxim Reshetnikov Reshetnikov MaximMinister of Economic Development of the Russian Federation, Finance Minister Anton Siluanov Siluanov AntonMinister of Finance of the Russian Federation, Energy Minister Sergei Tsivilyov, Minister of Digital Development, Communications and Mass Media Maksut Shadayev Shadayev MaksutMinister of Digital Development, Communications and Mass Media of the Russian Federation, Director of the Federal Security Service Alexander Bortnikov Bortnikov AlexanderDirector of the Federal Security Service, Director of the Federal Service for Financial Monitoring Yury Chikhanchin Chikhanchin YuryHead of the Federal Service for Financial Monitoring, and Head of the Federal Antimonopoly Service Maxim Shaskolsky Shaskolsky MaximHead of the Federal Anti-Monopoly Service.

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Opening remarks at the meeting on economic issues

President of Russia Vladimir Putin: Good afternoon, colleagues.

Today I suggest discussing the development of digital technologies in financing, and more specifically, introduction and use of digital currencies and other assets.

This is a truly dynamic and promising area in today's economy, which is growing more popular among businesses, investors, and people almost everywhere in the world. These technologies are already beginning to change the usual patterns in trade, banking, services, and international payments.

It is important for Russia not to miss the moment, set up the legal framework and regulation in a timely manner, develop infrastructure, and create conditions for the circulation of digital assets, both within the country and in relations with foreign partners.

We have already made significant progress in this area, and I hope that today our colleagues will report on current results and future plans. Meanwhile, I propose focusing on issues that require special attention and additional solutions.

I will begin with the pilot project the Central Bank launched last August. I mean a trial use of the digital ruble. In fact, this is another form of our national currency. Its feature is that both individuals and businesses can use the digital ruble regardless of which bank they have an account with.

To be continued.

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