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11.05.2023
14:30–16:00
The Digital Ruble: Advantages and New Opportunities
Congress Centre, conference hall D3
Broadcast
In a time when society is demanding faster, more convenient, and secure settlements, financial regulators in many countries are actively discussing the possibility of introducing central banks' digital currencies into economic turnover. Responding to the needs of citizens and businesses, the Bank of Russia has initiated similar work and developed the concept of the digital ruble in 2021. Currently, the State Duma of the Federal Assembly of the Russian Federation is considering draft amendments to the Civil Code of the Russian Federation, the Tax Code of the Russian Federation, and other relevant federal laws in the financial market sector. These changes have been developed in connection with the introduction of the "third form" of money into economic circulation – the digital ruble. What are central banks' digital currencies, and what advantages do they offer over traditional forms of money? What is the digital ruble's place in the system of objects of civil rights? What are the essential conditions and features of a new separate type of bank account – a digital account agreement? What is the role and place of the digital ruble in public law relations? Are banks' operations with the digital ruble new challenges or new opportunities?
Moderator
Nikolay Zhuravlev
Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation
Panellists
Anatoly Aksakov
Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets
Andrey Borisenko
Deputy Director of Legal Department, The Central Bank of the Russian Federation (Bank of Russia)
Elena Borisenko
Deputy Chairman of the Management Board, Gazprombank
Aleksey Zabotkin
Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Lidia Mikheeva
Secretary, Civic Chamber of the Russian Federation; Chairman of the Council (Head), S.S. Alekseev Research Center for Private Law under the President of the Russian Federation (online)
Tatyana Rozhdestvenskaya
Professor of the Department of Financial Law, Kutafin Moscow State Law University (MSAL)
Olga Tisen
Head of Legal Department, Federal Financial Monitoring Service
Front row participant
Ilya Zikun
Leading Researcher, S.S. Alekseev Research Center for Private Law under the President of the Russian Federation
Broadcast
Nikolay Zhuravlev
Deputy Chairman of the Federation Council of the Federal Assembly of the Russian Federation
Anatoly Aksakov
Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Financial Markets
Born on 28 November 1957 in the town of Yermolaevo, Kumertau District of the Bashkir ASSR.
In 1975, graduated from the public school of Vilino town of the Bakhchysarai district of the Crimea Region. For two years he worked in the production (a mechanic in the Crimean sovkhoz POH Magarach and as a workman at the Kiev chemical and pharmaceutical plant).
In 1983, he graduated from the Lomonosov Moscow State University, in 1986 – from the graduate school of the Department of Economics of Lomonosov Moscow State University. Candidate of Economic Sciences, Associate Professor. In 2005, he graduated from the Diplomatic Academy of Russian Foreign Ministry. Honoured Economist of the Chuvash Republic. He published about a hundred papers on the issues of economic and social development of the Chuvash Republic and the Russian Federation.
Since 1986 – lecturer at the Chuvash State University, associate professor of the Department of Economic Theory and Market Economy. 1994–1997 – Deputy Director of the Institute of Economics, Finance and Law (Cheboksary). In 1995–1997, he headed Cheboksary branches of Moscow commercial banks. He was elected a deputy of the State Council of the Chuvash Republic.
1997–2000 – Deputy Chairman of the Government Cabinet, Minister of Economy of the Chuvash Republic. Aksakov oversaw the development of the Programme for the transition of the Chuvash Republic to market economy, the Anti-Crisis Programme of 1998 and the Programme of Social and Economic Development of Chuvash Republic for 1998–2003. He developed and implemented criteria for assessing the performance of the heads of districts and cities of the Republic, was one of the originators of the introduction of mortgage lending to the people of Chuvash Republic, various incentive mechanisms for housing construction in the region, support small and medium-sized businesses and modernization of major production.
1999–2003 – Deputy of the 4th State Duma (elected from a single mandate Cheboksary district), deputy chairman of the Economic Policy and Entrepreneurship Committee.
2003–2007 – Deputy of the 4th State Duma (elected from a single mandate Cheboksary district), deputy chairman of the Credit Organizations and Financial Markets Committee.
2007–2011 – Deputy of the 5th State Duma (elected from A Just Russia party list), deputy chairman of the Credit Organizations and Financial Markets Committee.
2011–2016 – Deputy of the 6th State Duma (elected from A Just Russia party list), until April 2015, served as deputy chairman of the Financial Market Committee, in April 2015 was elected chairman of the Economic Policy, Innovation and Entrepreneurship Committee.
From October 2016 – Depute of the 7th State Duma (elected from the Kanash electoral district of the Chuvash Republic), Chairman of the State Dume Financial Market Committee.
Chairman of the Council of the Association of Russian Banks, member of the Board of the Russian Union of Industrialists and Entrepreneurs, research adviser at the Department of Financial Markets of the Financial University under the Government of the Russian Federation.
He was awarded the Order For Service to the Fatherland, 4th Class, medals of the Order For Service to the Fatherland, 1st and 2nd Class; Honorary Diploma of the President of the Russian Federation for his services in state-building, development of budget and tax legislation and active social and political position; Honorary Diploma and a Badge of Honour of the State Duma of the Russian Federation for significant contribution to the development of legislation and parliamentarism. Honoured with Commendation of the Prime Minister of the Russian Federation, the Minister of Finance of the Russian Federation and the Director of the Federal Security Service.
Married, has two sons, Dmitry and Alexander.
In 1975, graduated from the public school of Vilino town of the Bakhchysarai district of the Crimea Region. For two years he worked in the production (a mechanic in the Crimean sovkhoz POH Magarach and as a workman at the Kiev chemical and pharmaceutical plant).
In 1983, he graduated from the Lomonosov Moscow State University, in 1986 – from the graduate school of the Department of Economics of Lomonosov Moscow State University. Candidate of Economic Sciences, Associate Professor. In 2005, he graduated from the Diplomatic Academy of Russian Foreign Ministry. Honoured Economist of the Chuvash Republic. He published about a hundred papers on the issues of economic and social development of the Chuvash Republic and the Russian Federation.
Since 1986 – lecturer at the Chuvash State University, associate professor of the Department of Economic Theory and Market Economy. 1994–1997 – Deputy Director of the Institute of Economics, Finance and Law (Cheboksary). In 1995–1997, he headed Cheboksary branches of Moscow commercial banks. He was elected a deputy of the State Council of the Chuvash Republic.
1997–2000 – Deputy Chairman of the Government Cabinet, Minister of Economy of the Chuvash Republic. Aksakov oversaw the development of the Programme for the transition of the Chuvash Republic to market economy, the Anti-Crisis Programme of 1998 and the Programme of Social and Economic Development of Chuvash Republic for 1998–2003. He developed and implemented criteria for assessing the performance of the heads of districts and cities of the Republic, was one of the originators of the introduction of mortgage lending to the people of Chuvash Republic, various incentive mechanisms for housing construction in the region, support small and medium-sized businesses and modernization of major production.
1999–2003 – Deputy of the 4th State Duma (elected from a single mandate Cheboksary district), deputy chairman of the Economic Policy and Entrepreneurship Committee.
2003–2007 – Deputy of the 4th State Duma (elected from a single mandate Cheboksary district), deputy chairman of the Credit Organizations and Financial Markets Committee.
2007–2011 – Deputy of the 5th State Duma (elected from A Just Russia party list), deputy chairman of the Credit Organizations and Financial Markets Committee.
2011–2016 – Deputy of the 6th State Duma (elected from A Just Russia party list), until April 2015, served as deputy chairman of the Financial Market Committee, in April 2015 was elected chairman of the Economic Policy, Innovation and Entrepreneurship Committee.
From October 2016 – Depute of the 7th State Duma (elected from the Kanash electoral district of the Chuvash Republic), Chairman of the State Dume Financial Market Committee.
Chairman of the Council of the Association of Russian Banks, member of the Board of the Russian Union of Industrialists and Entrepreneurs, research adviser at the Department of Financial Markets of the Financial University under the Government of the Russian Federation.
He was awarded the Order For Service to the Fatherland, 4th Class, medals of the Order For Service to the Fatherland, 1st and 2nd Class; Honorary Diploma of the President of the Russian Federation for his services in state-building, development of budget and tax legislation and active social and political position; Honorary Diploma and a Badge of Honour of the State Duma of the Russian Federation for significant contribution to the development of legislation and parliamentarism. Honoured with Commendation of the Prime Minister of the Russian Federation, the Minister of Finance of the Russian Federation and the Director of the Federal Security Service.
Married, has two sons, Dmitry and Alexander.
Andrey Borisenko
Deputy Director of Legal Department, The Central Bank of the Russian Federation (Bank of Russia)
Elena Borisenko
Deputy Chairman of the Management Board, Gazprombank
As the First Vice-President and the Member of the Board, Ms. Borisenko is overseeing the Gazprombank’s Legal Department and responsible for addressing all legal matters encountered by Gazprombank and its group of companies.
Education
Saint Petersburg State University, Law School (2000)
Legal practice
Private legal practice, corporate and commercial law (2000-2008)
Member of Saint-Petersburg Bar Chamber (2001-2008)
State Service
2008 - 2009 - Advisor to the Head of the Federal Registration Service
2009 - 2010 - Advisor to the Minister of Justice of the Russian Federation
Feb. 2010 - March 2011 – Head of the Department of Legal Aid and Cooperation with Judicial System, Ministry of Justice of the Russian Federation
2011 - 2012 - Advisor to the Minister of Justice of the Russian Federation, Official Representative of the Ministry of Justice of the Russian Federation in the Constitutional Court of the Russian Federation
2012 - 2015 – Deputy Minister of Justice of the Russian Federation.
Teaching and lecturing
Saint-Petersburg State University, Law School, State and Administrative Law Department (2013-till now)
Education
Saint Petersburg State University, Law School (2000)
Legal practice
Private legal practice, corporate and commercial law (2000-2008)
Member of Saint-Petersburg Bar Chamber (2001-2008)
State Service
2008 - 2009 - Advisor to the Head of the Federal Registration Service
2009 - 2010 - Advisor to the Minister of Justice of the Russian Federation
Feb. 2010 - March 2011 – Head of the Department of Legal Aid and Cooperation with Judicial System, Ministry of Justice of the Russian Federation
2011 - 2012 - Advisor to the Minister of Justice of the Russian Federation, Official Representative of the Ministry of Justice of the Russian Federation in the Constitutional Court of the Russian Federation
2012 - 2015 – Deputy Minister of Justice of the Russian Federation.
Teaching and lecturing
Saint-Petersburg State University, Law School, State and Administrative Law Department (2013-till now)
Aleksey Zabotkin
Deputy Governor, The Central Bank of the Russian Federation (Bank of Russia)
Aleksey Zabotkin was born on August 2, 1977 in the city of Kolomna, Moscow Region.
Education
Graduated from the Economics Faculty of Lomonosov Moscow State University in 1997.
Graduated from the Russian School of Economics in 2005.
Line of Duty
2005-2008 - Economist, Deutsche Securities.
2008-2009: Managing Director for Investment Strategy, United Capital Partners Advisors.
2009-2011- Deputy General Director of CJSC VTB Asset Management.
2011-2018: Deputy Head of the Analytical Department, CJSC VTB Capital.
2018-2020: Director of the Monetary Policy Department of the Bank of Russia.
Since June 2020 - Deputy Chairman of the Bank of Russia.
Education
Graduated from the Economics Faculty of Lomonosov Moscow State University in 1997.
Graduated from the Russian School of Economics in 2005.
Line of Duty
2005-2008 - Economist, Deutsche Securities.
2008-2009: Managing Director for Investment Strategy, United Capital Partners Advisors.
2009-2011- Deputy General Director of CJSC VTB Asset Management.
2011-2018: Deputy Head of the Analytical Department, CJSC VTB Capital.
2018-2020: Director of the Monetary Policy Department of the Bank of Russia.
Since June 2020 - Deputy Chairman of the Bank of Russia.
Lidia Mikheeva
Secretary, Civic Chamber of the Russian Federation; Chairman of the Council (Head), S.S. Alekseev Research Center for Private Law under the President of the Russian Federation
Professor, Doctor (higher doctorate) of Juridical Sciences, Distinguished Lawyer of the Russian Federation, Deputy of the Secretary of the Civic Chamber
From 1993 she had worked as a lecturer, a lawyer of commercial organizations, was engaged in scientific work, consisted at government service.
Currently acting as Chairman of the Chairman of the Council of the Federal State Budgetary Scientific Institution “The Private Law Research Centre under the President of the Russian Federation named after S.S. Alekseev”.
She is a member of the Presidential Council for Codification and Enhancement of Civil Legislation.
She is a member of the research advisory boards of the Supreme Court of the Russian Federation, of the Ministry of Justice, of the Federal Notarial Chamber.
She is the author of a range of law drafts.
From 1993 she had worked as a lecturer, a lawyer of commercial organizations, was engaged in scientific work, consisted at government service.
Currently acting as Chairman of the Chairman of the Council of the Federal State Budgetary Scientific Institution “The Private Law Research Centre under the President of the Russian Federation named after S.S. Alekseev”.
She is a member of the Presidential Council for Codification and Enhancement of Civil Legislation.
She is a member of the research advisory boards of the Supreme Court of the Russian Federation, of the Ministry of Justice, of the Federal Notarial Chamber.
She is the author of a range of law drafts.
Tatyana Rozhdestvenskaya
Professor of the Department of Financial Law, Kutafin Moscow State Law University (MSAL)
Olga Tisen
Head of Legal Department, Federal Financial Monitoring Service
Ilya Zikun
Leading Researcher, S.S. Alekseev Research Center for Private Law under the President of the Russian Federation