He divested himself his assets in management companies that were originally part of the SU-155 Group in 2014 in order to concentrate on the core business of the Group.
In 2014, Balakin ran for the Moscow City Duma in 38th constituency. Initially, it was assumed that he would run as an independent candidate, but in the end he went to the polls from the Liberal Democratic Party. Balakin was elected to the City Duma gaining 46% of the vote.
Construction of a new church in Shcherbinka (Moscow) proceeded in 2014 with the support of Mikhail Balakin and the SU-155 Group – the church containing the icon of Our Lady “Queen of All Creation”, which had been halted earlier after repair of the foundation and when funds collected for the construction ran out.
Restoration was begun in 2014 on the church of St. Nicholas in Butki in Serpukhov (Moscow region). The church was closed in Soviet times and gradually fell into ruin.