The National Financial Literacy Strategy initiated by the Ministry of Finance of the Russian Federation was approved by the Russian Government in September, 2017. This Strategy includes special financial consumer protection measures and financial education activities for migrants and their families. The implementation will start in 2018. 

The joint project of the Ministry of Finance and the OECD aimed at the financial literacy of migrants from six Commonwealth of Independent States (CIS) countries and their families has been launched. The technical assistance delivered in developing information materials and pilot projects focused on migrant families will help them to make more informed and effective decisions on remittance costs, channels, and improved financial inclusion and personal finance. 

Work on the Bank of Russia Financial Inclusion Strategy as well as Action plan is in progress. It contains special measures on supporting the development and scaling of low-cost, low-value products, as well as expediency to expand the functionality of banking payment agents and other financial intermediaries. 
The new consumer protection standards are being developed taking into account the financial institution type. Channeling remittances into accounts will be leveraged as a first step in financial inclusion efforts, while also aiding in the promotion of cashless payments.