Ministry of Finance of the Russian Federation

What Ministry of Finance of the Russian Federation does

The Ministry of Finance of the Russian Federation (Министерство финансов Российской Федерации, also known as Minfin Rossii) is the federal executive body of the Russian Government responsible for developing and implementing state fiscal policy, regulating financial markets, managing state debt, and overseeing federal budget execution. Established following the dissolution of the Soviet Union in the early 1990s, it operates under the Government of the Russian Federation and is headquartered at 109097, Moscow, Ilyinka Street, Building 9. The Ministry exercises exclusive constitutional authority over federal budget formulation and execution, state domestic and external debt issuance (including OFZ federal loan bonds), and the National Wealth Fund (ФНБ). It manages federal budget execution through subordinate agencies including the Federal Treasury (Roskazna), the Federal Tax Service, the Federal Customs Service, the Federal Service for Control over Alcohol and Tobacco Markets, the Federal Assay Chamber, and the Federal Agency for State Property Management (ROSIM). Core products and services include a Federal Budget Execution Portal providing real-time budget data, an Open Data Portal with machine-readable financial datasets, a Statistics Dashboard, a Financial Literacy Portal (моифинансы.рф), a State Support Measures Portal (promote.budget.gov.ru), an appeals system, and a Federal Budget mobile application. The Ministry also issues government securities information and manages state reserves of precious metals and gemstones (Gosfond Rossii), and operates the annual Moscow Financial Forum.

The Ministry operates a non-commercial revenue model: it is funded through the federal budget and does not sell products or services commercially. Its primary "customer" relationships are with the Russian federal government itself (for budget execution), regional and municipal governments (for consolidated budget support and fiscal equalization), and Russian citizens (for financial literacy and social savings programs). Distribution occurs through the Gosuslugi state services portal, the Federal Treasury network, and its network of subordinate federal services. Key strategic relationships include coordination of the BRICS finance track since at least 2024, joint operations with the Bank of Russia on National Wealth Fund management and foreign currency/gold market operations, and ongoing federal budget execution against a 2026 plan of 20,950 billion rubles in revenues and 27,007.1 billion rubles in expenditures. The Ministry serves as a coordinating body for both domestic financial policy and Russia's multilateral financial diplomacy.

Name

Ministry of Finance of the Russian Federation

Legal name

Министерство финансов Российской Федерации

Website

https://minfin.ru

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

The Ministry of Finance of the Russian Federation is the federal executive body responsible for fiscal policy, federal budget execution, state debt management, and regulation of financial markets, serving the Russian Government and citizens.

Ownership category

akta.pro rank

Product category

Public Finance Administration

NAICS

Public Finance Activities (92113), Other General Government Support (921190)

SIC

Finance Services (6199), International Affairs (9721)

akta.pro industry

PRIMARYBPAIAAAB

Central Government Policy, Strategy & Performance (incl. OMB-style functions)

Business & Public Services/Public Sector & Government Administration/Central/Federal Government Administration

SECONDARYBPAIAEAA

Budgeting & Fiscal Planning

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAB

Treasury & Cash Management

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYBPAIAEAD

Government Accounting & Financial Reporting

Business & Public Services/Public Sector & Government Administration/Public Finance, Treasury & Procurement

SECONDARYFSAAAGAE

Government Investment Pools & Treasury Funds

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

Keywords

• Public finance administration
• Federal budget management
• State debt management
• Government treasury operations
• Financial market regulation

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Distribution channels4 records

Marketing channels6 records

Core offering

The Ministry develops and implements Russian public fiscal policy, administers federal budget execution, manages state domestic and external debt, and oversees treasury operations. It also manages the National Wealth Fund, coordinates financial-market regulation, controls state precious-metals and gemstone reserves, and provides public financial data and citizen-facing government services.

Product overview

The Ministry of Finance of the Russian Federation operates a portfolio of government digital services centered on budget management, financial transparency, and citizen engagement. The core offerings include the Federal Budget Execution Portal for real-time budget monitoring, an Open Data Portal providing machine-readable financial datasets, and a Statistics Dashboard displaying key economic indicators including the National Welfare Fund. Additional services include a Financial Literacy Portal (Мои финансы) for citizen education, a State Support Measures Portal for accessing government financial assistance, an Appeals System for citizen inquiries, and the annual Moscow Financial Forum for international dialogue. The ministry also manages systems for state precious metals/gemstones trading and government securities information. These services are primarily web-based portals without documented API integrations or AI capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• Moskovskiy finansoviy forum (Moscow Financial Forum): Annual financial forum organized by the Ministry of Finance of Russia
• Akselerator 'Aksel.Sotszakaz' (Axel.Social Order Accelerator)
• Vserossiyskaya onlayn-olimpiada po finansovoy gramotnosti (All-Russian Online Olympiad on Financial Literacy)

Products and services

• Federal Budget Execution Portal Official portal providing federal budget execution data, including revenues, expenditures, and national-project spending, for government oversight and public monitoring.
• Open Data Portal Portal providing machine-readable government data on the budget, taxes, public debt, and regional finances for public access and analysis.
• Statistics Dashboard Interactive dashboard presenting federal budget execution, public debt, National Wealth Fund data, and consolidated regional budget metrics.
• Appeals and Petitions System Online public-service portal through which citizens submit appeals, complaints, and inquiries concerning Ministry activities.
• Financial Literacy Portal (Мои финансы) Government financial-literacy portal providing citizens with educational resources and information about long-term savings programs.
• State Support Measures Portal Portal providing businesses and individuals with information about government financial support measures.

Quantifiable outcome

• National Wealth Fund of 12,720.9 billion rubles managed as of August 2026
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered flagship and core.

• BRICS Countries (Brazil, Russia, India, China, South Africa)flagshipStrategic or Co-development Partner · 7 October 2024The Ministry of Finance coordinates the BRICS finance track, hosting meetings of finance ministers and central bank governors. The 2024 BRICS finance track covered joint work on budget policy, public debt management, and financial sector development. The first meeting of BRICS finance ministers and central bank governors was held to review financial track work outcomes.
• Bank of Russia (Central Bank of the Russian Federation)coreStrategic or Co-development PartnerThe Ministry works jointly with the Bank of Russia on National Wealth Fund management operations, including foreign currency and gold purchases/sales on the domestic currency market, oil and gas revenue management, and financial market regulation.
• Federal Treasury (Roskazna)coreImplementation/ SI/ Consulting PartnerThe Federal Treasury is a subordinate agency that executes federal budget payments and manages government accounts, providing operational implementation of the Ministry's budget execution policies.
• Federal Tax ServicecoreImplementation/ SI/ Consulting PartnerSubordinate federal service responsible for tax collection and administration, implementing fiscal policy under the Ministry's guidance.
• Federal Customs ServicecoreImplementation/ SI/ Consulting PartnerSubordinate federal service responsible for customs administration and tariff collection, implementing trade fiscal policy.

Scale indicators6 records

Recent moves10 records

Expansion highlights11 records

Direct peers

• HM Treasury (UK): The United Kingdom's economic and finance ministry, responsible for fiscal policy, the budget, and public spending. Directly comparable as a national finance ministry performing budgeting, treasury, and debt functions.
• Ministry of Finance of the People's Republic of China: China's central finance ministry, managing the central budget, public debt policy, and macroeconomic fiscal functions. Directly peer in role and scale, and a BRICS+ counterpart in multilateral fiscal coordination.
• Ministério da Fazenda (Brazilian Ministry of Finance): Brazil's federal finance ministry, covering fiscal policy, public debt, and federal budget management. Direct BRICS counterpart with analogous fiscal policy responsibilities.
• U.S. Department of the Treasury: The U.S. federal executive department responsible for federal budget execution, public debt management, and financial regulation. It is the closest functional analog to the Ministry of Finance of the Russian Federation in scope and authority.
• Ministry of Finance of India: India's central finance ministry, responsible for the Union budget, taxation policy, and public expenditure. Comparable as a large emerging-economy finance ministry and fellow BRICS member coordinating fiscal policy.
• Bundesministerium der Finanzen (German Federal Ministry of Finance): Germany's federal finance ministry, tasked with fiscal policy, federal budget, and EU financial affairs. Highly comparable as a major-economy finance ministry with similar budgeting and treasury execution responsibilities.

Broad incumbents

• World Bank Group: Multilateral development institution interacting with finance ministries on fiscal capacity, debt management frameworks, and public financial management reform. Comparable at the policy framework level rather than as a direct domestic peer.
• Bank of Russia (Central Bank of the Russian Federation): Russia's central bank, which co-manages the National Wealth Fund and coordinates with the Ministry on FX and gold market operations. Functionally adjacent rather than directly competing — operates monetary policy while the Ministry runs fiscal policy.
• International Monetary Fund (IMF): Multilateral institution engaging with finance ministries on public finance management, debt sustainability, and macroeconomic policy. Acts as a peer/coordinating entity in fiscal surveillance and capacity-building rather than a direct national competitor.

Others

• Bank for International Settlements (BIS): International financial institution hosting committees that set standards relevant to public debt management and banking supervision. Adjacent ecosystem participant that shapes the global policy environment in which the Ministry operates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ministry-of-finance-of-the-russian-federation

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Ministry of Finance of the Russian Federation