Moscow International Financial Centre
We are working with the Russian Government on a major project to help Moscow develop as an international financial centre, creating new business opportunities for our member firms.
In recent years the Russian government has been putting increasing emphasis on the growth of its financial services industry. There is a particular focus on how the industry can play a greater role in offering diverse and innovative ways to put Russia’s natural resource wealth to work to drive growth and development across all sectors of the economy.
In 2010, the Russian government set up the Moscow International Financial Centre (MIFC) initiative to lead this project and to ensure that international cooperation was at the forefront. Following discussions with the Lord Mayor of the City of London, the newly created MIFC Taskforce identified the TheCityUK as its partner of choice in 2011. A Moscow/London Joint Liaison Group (JLG) was formed and a Memorandum of Understanding (MoU) between the Russian MIFC Taskforce, TheCityUK and Vnesheconombank was signed in Moscow in September 2011 in the presence of former President Dmitri Medvedev and Prime Minister David Cameron.
Our aim is to ensure active involvement from practitioners from both Russia and the UK, offering TheCityUK’s member firms direct access to the key industry participants in Russia. The work of the JLG is structured around seven practitioner-led working groups:
- Alternative Dispute Resolution
- The Regulatory and Administrative Environment
- Education, Training and Qualifications
- Public Private Partnerships
- Branding, Marketing and Public Relations
Follow this link to view the MIFC Joint Liaison Group structure chart.
To get involved in our Moscow International Financial Centre Group, or find out more about our work, contact us.
Follow this link to the Russian MIFC website to find out more about the Russian side of the initiative.
Latest publications and research
Follow this link to see our latest Moscow as an International Financial Centre and Russia related events.