Speaking about transfer pricing, Vladimir Putin noted that, unfortunately, these issues are not effectively regulated in Russia. He said amendments to the Tax Code are necessary to protect the state’s interests, but they must be made “extremely cautiously, carefully.”

Prime Minister Vladimir Putin suggested that the positions of director and department heads for the agency for strategic initiatives should be opened to applicants starting on May 25, 2011. According to the prime minister, the idea behind the new agency is to allow young talents to translate their ideas and projects into reality. "Positive experience in working as an independent professional will be the key selection criterion," said Mr Putin.