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Law providing for the right of banks with a basic licence to open correspondent accounts with foreign banks on a permanent basis

December 12, 2023

Vladimir Putin signed Federal Law On Declaring Parts 2 and 9 of Article 51 of the Federal Law On Banks and Banking Activities No Longer in Force.

The Federal Law provides for granting banks with a basic licence the right to open correspondent accounts with foreign banks on a permanent basis.

December 12, 2023