On the implementation of Presidential Instructions issued following a meeting on economic issues on June 10, 2013

First Deputy Prime Minister Igor Shuvalov has issued the following orders in execution of the List of Presidential Instructions No. Pr-1288 of June 10, 2013:

1. With respect to Clause 1, Subclause A of the List of Presidential Instructions:

The Ministry of Economic Development (Andrei Belousov), jointly with the federal executive bodies and organisations concerned, is to submit proposals and industry-specific data on ways to limit the increase in regulated prices and tariffs.

2. With respect to Clause 1, Subclause B of the List of Presidential Instructions:

The Ministry of Finance (Anton Siluanov) and the Ministry of Economic Development (Andrei Belousov) are to submit proposals on ways to increase the share of investments from the Sovereign Wealth Fund in self-sustaining investment projects.

3. With respect to Clause 1, Subclause C of the List of Presidential Instructions:

The Ministry of Finance (Anton Siluanov) and the Ministry of Economic Development (Andrei Belousov) are to submit proposals on ways to expand state guarantee mechanisms for small and medium-sized businesses.

4. With respect to Clause 2 of the List of Presidential Instructions:

The Ministry of Finance (Anton Siluanov) and the Ministry of Economic Development (Andrei Belousov), with the participation of the Bank of Russia, are to submit proposals on ways to reduce borrowing costs for non-financial enterprises, including measures aimed at reducing the administrative burden on banks, protecting of the rights of lenders and increasing competition in the banking industry.

The results are to be submitted to the Government by June 14, 2013 together with the relevant draft reports for the President.