The Central Bank of Russia has presented the draft Russian Financial Market Development Programme for 2026–2028, setting priorities to develop the capital market as a source of business financing, increase the transparency of initial public offerings, improve the investment appeal of long-term instruments, and strengthen investor protection. The programme also places special emphasis on implementing digital and payment infrastructure projects and introducing financial market innovations. To support financial stability, the Bank of Russia will monitor systemic risks, refine its approaches to analysing them, and develop measures to mitigate those risks. The draft maintains continuity with previously adopted documents and incorporates proposals from financial institutions, their associations and real-sector representatives, with measures updated to reflect current economic objectives and challenges. The draft programme has been submitted to the President and the Government of the Russian Federation, with the State Duma expected to discuss it in parliamentary sessions at the next stage.
Central Bank of Russia 2025-09-16
Central Bank of Russia submits draft 2026–2028 financial market development programme focused on capital market financing digital infrastructure and investor protection
The Central Bank of Russia has unveiled the draft Russian Financial Market Development Programme for 2026–2028, focusing on capital market development, IPO transparency, long-term investment appeal, and investor protection. It emphasizes digital and payment infrastructure projects and financial market innovations while addressing systemic risks. The programme incorporates feedback from financial institutions, aligns with current economic objectives, and discussions in the State Duma are anticipated.