Medvedev: regulation of the digital economy must be flexible


Digitalization of the economy is moving faster than the regulation of these processes. This requires the state to have a flexible approach to legislative support of this sphere, Russian Prime Minister Dmitry Medvedev said during a speech in the Dialogue program on the Russia 24 television channel.

The Prime Minister emphasized that the problem cannot be solved by the adoption of specific “acts of higher legal force”, since this is a rather time-consuming procedure. Until such a bill is approved by all instances, it may become irrelevant.

“The emphasis here is probably to a greater extent on the by-laws regulation, because it is easier to do. These are acts of ministries and departments and acts of the Government. There shouldn’t be many of them, but at least they can quickly respond to a particular phenomenon”, said Dmitry Medvedev.

The head of the Russian Government noted that regulation should not be a problem for business. “And once again I emphasize: regulation … should be economical. That is why we need to apply such rules, which, in essence, are created by the market participants themselves”, added Dmitry Medvedev.

Source: Government of Russia. Photo: Dmitry Astakhov / TASS

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