Russian PM Mishustin calls on Finance Ministry to focus on macroeconomic stability and prepare for different market scenarios

MOSCOW. April 23 (Interfax) - Macroeconomic stability should remain the focus of the Russian Finance Ministry and advance preparation for different scenarios based on market fluctuations is essential, Russian Prime Minister Mikhail Mishustin said at the ministry's extended board meeting on Wednesday.

"Special attention must be paid to macroeconomic stability measures and preventative measures against budget risks. It is key that we are resilient to external challenges caused by different destabilization scenarios in the world economy, and this is also achieved through responsible state policy," the prime minister said.

"We obviously need to be prepared for the situation to change and to go over a wide range of different market scenarios," Mishustin said.

He also said that the main specifications of the tax system should not be changed after last year's adjustments. "In accordance with the president's address, we need to ensure that taxation is kept stable. This is a very important factor in creating a comfortable climate for businesses in Russia," he said.

Mishustin said that both this year and in the medium term, partially state-owned companies needed to be assisted in conducting IPOs and trading "their subsidiaries and affiliated companies" on the market. He said that support mechanisms and incentives for technology companies to start trading on the market were also being developed.