Russia govt proposes to amend banking legislation

The Russian federal government and the central bank have submitted amendments to banking laws to the Duma. The government proposed these same bills back in 1999, on the insistence of international financial organisations. The "IMF package" includes amendments to the laws "On the Central Bank," "On Banks and Banking Activities," and "On Bankruptcy of Crediting Organisations."

The amendments are aimed at protecting the interests of creditors and depositors during the early stages of problems in

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