I would like to share with you some preliminary plans, which are being discussed within our government. As it has been mentioned, we have more than 20 million of Muslims. In this regard we are earnestly working on the creation of an Islamic bank in Russia. It’s not that easy since we have purely secular laws. We calculated that we have to change at least about 40 laws.

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It is a very difficult work that cannot be done with the stroke of a pen or in one day. However, we have already started this intensive work. 

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Last year there was the visit of the delegation of the Islamic Development Bank, an institution which located in Jeddah and managed by the OIC. They signed here a number of agreements, including with our Central Bank and two other large banks.