05.07.2022 18:55 / TASS
The State Duma adopted a law on tax support measures for citizens and businesses The State Duma adopted in the third, final reading a law on a set of measures for tax support of citizens and businesses in the face of sanctions pressure. The document was initiated by the government of the Russian Federation.
05.07.2022 18:51 / TASS
The State Duma adopted a law on the merger of the PFR and the FSS The State Duma at a plenary session on Tuesday adopted in the third reading a bill on the creation of a unified Pension and Social Insurance Fund (Social Fund of Russia), as well as a package of related initiatives, including amendments to the Tax and Budget Codes of the Russian Federation.
05.07.2022 18:41 / TASS
Duma passes IPO/SPO bill in second reading The State Duma adopted in the second reading a bill aimed at developing the institution of public placement of securities on the Russian financial market. The document, which amends the law "On combating the misuse of insider information and market manipulation," was initiated by a group of deputies and senators headed by Anatoly Aksakov, chairman of the State Duma committee on the financial market.
17.05.2022 16:18 / TASS
Central Bank to launch cybersecurity education course The Bank of Russia will launch an educational course on cybersecurity in the 2023-2024 academic year at the Higher School of Economics (NRU HSE), announced Head of the Central Bank of the Russian Federation Elvira Nabiullina, speaking at Junior Pay Tech Forum 2022.
19.04.2022 16:49 / The Bank of Russia
Russian issuers to close foreign depositary receipt programmes A ban on issuing and trading in foreign depositary receipts for Russian issuers’ shares will come into effect on 27 April 2022.
15.04.2022 16:36 / TASS
The Central Bank of Russia rolls out new support measures for the financial sector The Central Bank has prepared a new series of measures to support the Russian financial sector, the regulator said in a release. The CB allowed banks until the end of the year to postpone the formation of reserves for possible losses in respect of assets that have been blocked abroad.
Bank of Russia’s measures to support households and creditors
02.03.2022 18:34 / TASS
1. The regulator cancelled the macroprudential risk-weight add-ons for the following loans issued on and after 1 March 2022:
Unsecured consumer loans in rubles (except those with the EIR above 35% and facilities with the EIR ranging from 20% to 35% and DSTI above 80%);
Mortgage loans in rubles (except those with LTV above 90%);
Loans granted to individuals in rubles for financing under equity construction agreements.
2. The Bank of Russia cut the macroprudential risk-weight add-ons for unsecured consumer loans in rubles issued on and after 1 March 2022 with DSTI above 80% and the EIR ranging from 20% to 35%.
3. The regulator postponed the introduction of macroprudential limits for unsecured consumer loans until 1 January 2023.
4. The Bank of Russia recommends credit institutions, microfinance organisations, consumer credit cooperatives, agricultural consumer credit cooperatives, and housing savings cooperatives to suspend until 31 December 2022 the procedures for forced eviction of debtors (former owners and their cohabitants) from residential properties which creditors have previously foreclosed on.