Russia ponders measures to boost banking sector

RUSSIA - Russia is considering the creation of a deposit protection scheme and measures designed to increase competition within the country's poorly developed banking sector, under reform plans being drawn up for cabinet discussion this month.

Officials are gearing up for a government meeting on September 27, which is expected to debate significant changes to boost the role of banks in funding future Russian growth.

A deposit insurance scheme, part-funded by the banks and with support from the

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