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Mr Medvedev made this announcement at a working meeting with Presidential Aide Arkady Dvorkovich.

Mr Dvorkovich informed the President that draft regulations needed for the laws to be enforced have already been drawn up. He also reported on measures for refinancing foreign debt, including provision of collateral-free credits by the Central Bank. Mr Dvorkovich said this is an anti-crisis measure that will work after the crisis is over too. Other measures include investing funds from the National Prosperity Fund in the domestic financial market, as many assets on this market are more reliable than assets on markets abroad. Another important measure, Mr Dvorkovich said, is a 100-percent guarantee to return deposits of up to 700,000 roubles for all depositors in banks part of the deposit insurance system.

Mr Medvedev said that the current situation calls for rapid decisions and that the funds the package of laws he has just signed makes available should enter the banking system as soon as possible.

The laws were drafted under accelerated procedures on the initiative of the President and Government, and have been passed by the State Duma and the Federation Council.