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News of the Federal Legislation

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News of the Federal Legislation


There is established the procedure for granting of unsecured credits by the Bank of Russia
2008-10-21 08:00

NEWS OF THE FEDERAL LEGISLATION

There is established the procedure for granting of unsecured credits by the Bank of Russia

The Statute of the Bank of Russia N 323-P of October 16, 2008 (document is in Russian) establishes the procedure and the terms for granting of unsecured credits by the Bank of Russia in the Russian Federation currency for period not more than six months to Russian credit institutions having a rating of rating agencies, and the list of such agencies.

  The Statute establishes the requirements to credit institutions including availability of the agreement with the Bank of Russia, form of which is fixed in the Annex 1, and the procedure for calculation of limit on application for a credit institution.

Granting of credits shall be provided under results of credit auctions, the procedure for carrying out of which is established in this Statute.

The Statute shall be putted into effect since the day of its official publication in the "News Bulletin of the Bank of Russia".

There are established the norms of obligatory reserves of the Bank of Russia
2008-10-21 08:00

NEWS OF THE FEDERAL LEGISLATION

There are established the norms of obligatory reserves of the Bank of Russia

The Direction of the Bank of Russia N 2092-U of October 14, 2008 (document is in Russian) decreases the norms of obligatory reserves of the Bank of Russia from October 15, 2008. Now they are:

- to banks-nonresidents in the Russian Federation currency and foreign currency - 0,5%;

 - to natural persons in the Russian Federation currency - 0,5%;

- on other - 0,5%.

At that, there is provided increasing of norms on all obligations at 1% from February 1, 2009 and from March 1, 2009.

The Direction shall put into effect since the day of its promulgation and is subject for official publication in the "News Bulletin of the Bank of Russia".

The amendments are made to the Direction of the Bank of Russia "On the interest rate under credits secured by assets"
2008-10-21 08:00

NEWS OF THE FEDERAL LEGISLATION

The amendments are made to the Direction of the Bank of Russia "On the interest rate under credits secured by assets"

The Direction of the Bank of Russia N 2096-U of October 14, 2008 (document is in Russian) and N 2098-U of October 17, 2008 (document is in Russian) makes amendments to the Direction of the Bank of Russia N 1979-U "On the interest rate under credits secured by assets" of February 14, 2008 (document is in Russian). Thus since October 15, 2008, the interest rate on credits secured by assets, granted in accordance with the Statute of Bank of Russia N 312-P of November 12, 2007 (document is in Russian) is decreased from 9,5 to 9 interests per annum, and the period from granting credits is increased from 30 up to 90 calendar days inclusive from October 20, 2008.

There are established the interest rates on deposit operations of the Bank of Russia
2008-10-21 08:00

NEWS OF THE FEDERAL LEGISLATION

There are established the interest rates on deposit operations of the Bank of Russia

The Direction of the Bank of Russia N 2095-U of October 14, 2008 (document is in Russian) establishes the fixed interest rates on deposit operations of the Bank of Russia carried out in accordance with the Statute of the Bank of Russia N 203-P "On the Procedure of Performance by the RF Central Bank of Deposit Operations with Credit Institutions in Currency of the Russian Federation" of November 5, 2002 (document is in Russian) in the size of:

- on operation on standard terms "tom-next", "spot-next", "on call" - 4,25 interest per annum;

- on operations on standard terms "one week" , "spot-week" - 4,75 interest per annum.

  The Direction shall put into effect since the day of its promulgation and is subject for official publication in the "News Bulletin of the Bank of Russia".

There is approved the Procedure for proceeding of customs clearance of air vessels, repair parts and equipments necessary for repair of air vessels
2008-10-21 08:00

NEWS OF THE FEDERAL LEGISLATION

There is approved the Procedure for proceeding of customs clearance of air vessels, repair parts and equipments necessary for repair of air vessels

The Order of the Federal Customs Service of Russia N 1151 of September 19, 2008 (document is in Russian) approves the Procedure for making customs operations at placing air vessels, repair part and equipment under customs regime of reproduction at customs territory for making operations on repair of air vessels, periods of which not exceed 30 calendar days. There is approved the form of Application on making operations on repair of air vessels being subject for submission to a customs body in which activity region the operations shall be made. The Order shall put into effect upon expiration of 90 days since the day of its official publication.


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