Russian Duma overrides bank law veto

RUSSIA - Russia's State Duma has overridden the Federation Council's veto on the law on the Central Bank [CBR], with 389 deputies voting for the original version of the bill, while 300 votes would be enough to make the decision.

The Duma adopted the bill on 5 June, but the Federation Council [FC] rejected it on 14 June.

The upper house disagreed with two basic provisions - the number of inspections of commercial banks the CBR shall be allowed to hold a year (the FC wants two inspections instead