27 september 2011

“The VEB should take a more proactive role in investment policy, operating as a powerful driving force behind projects aimed at restructuring the Russian economy to enhance its resistance to any kind of outside stress. Some of the top priorities are high-tech and infrastructural programmes and projects that create new jobs for skilled workers.”

17 march 2011

“Plans have been made to increase Russian bank assets to 90% of the country’s GDP by the end of 2015. As of the first of the year, such assets amounted to 74.5%. The aggregate capital of the banks should reach up to 15% of the GDP. Again, as of January 1, it amounted to 10.4%. Finally, the real sector and individual credit portfolios must be increased to 55-60% of the GDP.”

9 february 2009

“The Federal Financial Markets Service has drafted amendments to the Criminal Code aimed at curbing violations on the securities market. <…> It is not enough to declare certain actions that inflict damage on bona fide investors illegal and ban them. A substantial punishment should be introduced for such actions, and this punishment should be unavoidable. Under the December draft, the longest conviction for such actions is seven years in prison”

1 december 2008

"The first priority, however, is to protect the rights of investors, to form a system to compensate citizens for the damage caused by bad-faith actions of market agents. Attempts to use insider information and manipulate the market should be stopped."