Saturday, December 27, 2014

Vladimir Putin signed a law on capitalization of banks 1 trillion rubles – Russian Dialogue

Russian President Vladimir Putin signed a federal law “On Amending Article 23 of the Federal Law” On the Federal Budget for 2014 and the planning period of 2015 and 2016 “.

This was announced today the portal of legal information.

The document was adopted by the State Duma on December 19 and approved by the Federation Council on December 25. He in particular, provides for the right of the government in the implementation of the budget in 2014 to carry out in order to increase the capitalization of Russian banks’ asset contribution to the assets of “Deposit Insurance Agency” (DIA) of up to 1 trillion rubles., by transferring federal bonds.

As noted in the discussion in the Upper House of Parliament Deputy Chairman of the Federation Council Committee on Budget and Financial Markets Nikolay Zhuravlev, for additional capitalization will be entitled to any bank, but to the amount of its capital stock. In this case, senators recommended that the Board of Directors to ensure DIA equitable access of banks to allocate funds, as well as take into account the reputation and character of the activities of credit institutions in recent months.

«We should not give money to those who speculate and put pressure on the Russian ruble,” – said Zhuravlev.

As previously reported, “Russian Conversation”, Vladimir Putin congratulated emergency workers on their professional holiday, which is celebrated on December 27.

“In emergency workers – a special mission. You are the first to come to the aid of those who are in trouble, bravely come to grips with the elements, liquidate the consequences of man-made disasters. Each emergency situation requires you to limit concentration, endurance, ability to quickly take the right decision, “- said in a congratulatory message to Putin, the press service of Ministry of Emergency Situations.

President recalled the most significant achievements of employees of MES in the past year .

“You have successfully rescue operations associated with a complex flood situation in the south of Siberia, and other large-scale emergency repair work. And of course, special thanks are due to the selfless actions of rescuers to help the residents of the south-east of Ukraine. Thousands of tons of humanitarian aid, food and medical supplies have been delivered to a neighboring state, provided the necessary conditions for those who due to circumstances had to move to Russia. Tens of thousands of people are sincerely grateful for such strong support and participation, “- said in the congratulation of the President.

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