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Law on Central Bank’s 2014 profits transfer in 2015

May 2, 2015

Vladimir Putin signed Federal Law On Special Procedures for the Transfer in 2015 of Profits Generated by the Central Bank of the Russia Federation in 2014.

The Federal Law stipulates that the Bank of Russia, upon the approval of its 2014 annual financial statements by the Board of Directors, shall transfer 75 percent of its net profit after tax for 2014 to the federal budget and 15 percent will go to Vnesheconombank as its asset contribution to be used as may be prescribed by the Russian Federation Government.

May 2, 2015