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Instructions following meeting on banking sector situation

March 2, 2021

The President endorsed a list of instructions following a meeting on the situation in the banking sector held on February 1, 2021.

The instructions to the Government of the Russian Federation in conjunction with the Bank of Russia concern the introduction of legislative amendments with a view to limiting potential risks for individual borrowers, and also the drafting of a plan of measures to reduce the risks of a potential adverse impact on the Russian economy and financial markets of a decline in the demand on the part of participants in the global capital market for assets exposed to high climate risks.

March 2, 2021