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Vladimir Putin signed Federal Law On Suspending Article 26 (part 1) of the Federal Law On the Central Bank of the Russian Federation (Bank of Russia) and Amendments to Article 2 of the Federal Law On Amendments to Article 26 of the Federal Law On the Central Bank of the Russian Federation (Bank of Russia).
The Federal Law has been drafted following the adoption of the Federal Law On Particularities of Transferring in 2016 of the Actual Annual Profit of the Central Bank of the Russian Federation for 2015.
The Federal Law suspends Article 26 (part 1) of the Federal Law On the Central Bank of the Russian Federation (Bank of Russia) as regards the share of the Bank of Russia’s actual annual profit to be transferred to the federal budget after payment of taxes and fees in accordance with the Russian Federation Tax Code.
November 28, 2015