Alexander Murychev, Chairman of the FBA EAC Board, spoke at the X Moscow Financial Forum
On September 18, 2025, Alexander Murychev, Chairman of the FBA EAC Board, Vice-President of the Russian Union of Industrialists and Entrepreneurs, took part in the panel session “Impact of Financial Culture on Sustainable Business Development” at the X Moscow Financial Forum in the Manege Central Exhibition Hall.
The session was devoted to practical tools for improving financial literacy and building a financial culture at enterprises. The speakers of the session, along with Alexander Murychev, were the Deputy Minister of Finance of the Russian Federation and a representative of the Bank of Russia, as well as heads of external communications and social policy practices of large corporate structures.
In his speech, Alexander Murychev stressed that the Strategy for Improving Financial Literacy and Building a Financial Culture until 2030, adopted on October 24, 2023, sets a new vector: “It is important that it envisages activities not only to form a set of knowledge and skills which make up financial literacy, but also to build a financial culture, that is, to create value and behavioral patterns in the financial sector”.
There was noted the active role of the business community and public institutions in the implementation of the strategy, in particular, cooperation between business, the Central Bank, the Ministry of Finance and the Russian Union of Industrialists and Entrepreneurs, fixed by agreements on joint projects.
According to a survey conducted by the Russian Union of Industrialists and Entrepreneurs in the second half of 2024: 48% of companies are already participating in financial education programs, 36% of companies are planning or considering participation, and about 16% of companies are not involved. Alexander Murychev noted that the companies which fall under the category of 36% are the key target audience for promoting practices at the corporate level.
Creating a catalog of popular topics and courses for enterprises, training a network of tutors and teachers of various levels, and ensuring the availability of techniques, digital solutions, and analytics to assess the business impact of education programs are three important tasks that need to be focused on at the moment.
Alexander Murychev emphasized that the development of financial culture is not only a social initiative, but also a tool for business sustainability: competent and financially stable employees reduce operational and credit risks, increase productivity and loyalty. In modern economic conditions, such programs acquire additional value as a means of reducing systemic risks and strengthening human capital.
The Moscow Financial Forum is a key professional platform for discussing economic policy and the sustainability of the financial system; in 2025, its main topic is “Financial System: Challenges and Tasks”. The organizers are the Ministry of Finance of the Russian Federation and the Government of Moscow.