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Vladimir Putin signed Federal Law On Amendments to Articles 4 and 57 of the Federal Law On the Central Bank of the Russian Federation (Bank of Russia), and Article 8 of the Federal Law On Official Statistical Accounting and the State Statistics System in the Russian Federation.
The new federal law is intended to develop the information basis for decision-making in the area of state economic policy.
The federal law authorises the Bank of Russia to organise the formation of the international investment position of the Russian Federation, the statistics of external trade in services by the Russian Federation, the external debt of the Russian Federation, the foreign currency reserves of the Russian Federation as well as direct investments in the Russian Federation and direct Russian investments abroad.
In addition, the Bank of Russia has been granted the right to demand necessary information from respondents of all categories, including legal entities who are not credit organisations, in its performance of the aforementioned functions.
March 28, 2017