Finance Minister of the Russian Federation Anton Siluanov and Jose Angel Gurria, Secretary-General of the Organization for Economic Co-operation and Development (OECD), have presented a report on national strategies of financial literacy. The G20 has identified the development and introduction of financial literacy strategies as a vital element of policy because a country’s economic development largely depends on its financial literacy. A survey conducted in 2012 revealed an insufficient level of financial literacy in Rusiia. Meanwhile, financial products all over the world continue to become more complicated and people find it hard to get to grips with them. The G20 sees the strategies as a comprehensive approach to financial literacy.