As the Kremlin representative noted in an interview with reporters, Gref has tremendous experience and expert economic knowledge.

“But nevertheless, it was an initiative of both the government and the president, which is already formalized,” Peskov said.

Earlier, Gref opposed the introduction of the corresponding tax, pointing out possible administration problems and negative effects that, in his opinion, exceed potential advantages.

In early April, Russian President Vladimir Putin signed into law a 13% tax on income from deposits and investments in securities of more than 1 million rubles. The new order will work since 2021.