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3.7. Cashless Economy: New Transparency or New Totalitarianism

Трек: 3. Smart Society


To set a limit to cash flow or not is an acute issue that Russian governments is faced right now. Some of the European countries has already made their first steps towards cashless economies and anticipate that no more cash will be used in their territories in just 5 to 10 years. The authorities claim that a cashless economy will make people’s lives easier, and will allow to reduce financial crime. What shall we keep in mind while in transition to cashless payments? How to draft the related laws to be a helping hand, and not a hinder for the new future? What European experience to follow? Which issues for customers and businesses shall we foresee and eliminate?


Stanislav Puginsky

Head of Practice Administrative Law and Legislation, Egorov Puginsky Afanasiev & Partners


Law School of Lomonosov Moscow State University (1985).

Professional experience:

Stanislav’s legal career started in the Soviet Law National Academic Research Centre. Between 1988 and 1993 he dedicated himself to academic research in the Institute of Legislation and Comparative Law under the Government of the Russian Federation, where he obtained his PhD in Law in 1992.

Between 1997 and 1998 he held the office of Chairman of the State Defence Conversion Fund. Between 1999 and 2000 he served as Deputy General Director of the Russian Institute of Space Device Engineering Research Centre; from 2000 until 2003 he served as Deputy General Director of Almaz-Antey Air Defence Concern.

In 2003 Stanislav Puginsky began working in government service as an advisor to a Deputy Prime Minister of the Russian Federation. In 2004 he was appointed as Deputy Director of the Federal Agency for Industry.

In 2016 Stanislav Puginsky became a member of the National Payment System Advisory Committee of the Chairman of the Central Bank of the Russian Federation.

He is a board member of the Association of Lawyers of Russia. State counselor of the Russian Federation, 3rd class.

Competence, Specialization:

Stanislav Puginsky specialises in complex dispute resolution, government property management, drafting of laws, government relations, corporate governance, bankruptcy of strategic enterprises and other matters of the highest complexity.

Achievements and awards:

Stanislav Puginsky holds a state award as an Honoured Lawyer of the Russian Federation. The Council of the Federation, the Upper Chamber of the Federal Assembly and the Parliament of the Russian Federation, awarded him a Certificate of Honour.


Thibaut Grégoire

General Counsel Europe, Mastercard

Evgeny Plaksenkov

Head of the 'Finance, Payments and e-Commerce' Department, Moscow School of Management SKOLKOVO

Nikolay Podguzov

Deputy Minister of Economic Development of the Russian Federation

Natalia Rasskazova

Acting Dean of the Faculty of Law - Head of Civil Law Department of the Faculty of Law, St. Petersburg State University

Andrey Shamraev

Deputy Director of the Settlement Regulation Department, Bank of Russia

*This schedule may be subject to change