Laws aimed to stabilize Russian financial market go into effect
The laws Russian President Dmitry Medvedev signed that are aimed at stabilization of the Russian financial market have gone into effect. The newspaper Rossiiskaya gazeta published them on Tuesday according to Itar-Tass.
These are federal laws on the right of the Central Bank to give loans to credit institutions, on the procedure of paying the value-added tax, on raising to 700,000 roubles the limit to compensation for bank deposits, on extra measures to support the financial system of the Russian Federation in conditions of the world financial crisis.