The government launched long-term pay incentives for executives in state-owned firms.
The Russian government has approved the introduction of long-term incentive programs (LTIPs) for top executives in publicly traded companies with state participation, following a proposal from the Ministry of Finance.
This announcement was made on 1 November 2025.
The programs are designed to encourage executives and key employees to focus on increasing company capitalisation and achieving market-oriented performance targets. Compensation will be provided in company shares or financial instruments tied to the growth in share value.
Finance Minister Anton Siluanov said the move aligns management interests with shareholder value and will be applied to state-owned companies preparing for IPOs or SPOs. He added that the initiative is expected to boost the investment appeal of shares and support Russia’s national goal of raising stock market capitalisation to at least 66% of GDP by 2030.
