The government subcommittee, led by Alexander Novak, approved a list of measures for the plan for structural changes in the economy.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Alexander Novak chaired a meeting of the subcommittee on enhancing the stability of the financial sector and individual economic sectors. The meeting focused on the list of measures for the plan for structural changes in the Russian economy through 2030.

The plan was developed at the President's request following the St. Petersburg International Economic Forum held in June of this year and approved at a government meeting on November 27. The document includes seven interrelated sections outlining key areas for implementing structural changes: employment and consumption structure, improving the investment climate and technological development, transforming foreign trade, and enhancing the effectiveness of defense and security activities.

"The entire set of measures in these areas and the corresponding target indicators are linked to the achievement of the Russian Federation's national development goals. These measures are aimed at developing a supply-side economy and achieving a balanced growth trajectory with moderate inflation and low unemployment," noted Alexander Novak.

The list of measures for the plan was compiled by the Russian Ministry of Economic Development in collaboration with a wide range of agencies and organizations. The list includes existing instruments—national and federal projects, state programs, and other measures.

Coordination and monitoring of work on the structural change plan will be carried out by the subcommittee on increasing the stability of the financial sector and individual sectors of the economy.

The meeting was attended by Minister of Industry and Trade Anton Alikhanov, representatives of the Ministry of Energy, the Ministry of Agriculture, the Federation Council and other federal executive bodies, development institutions, credit institutions and business associations.

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