Tag: russian financial regulation

March 30, 2016 BY Maria Nikolova

Russia introduces prison sentences for financial scammers

Organizers of financial pyramids in Russia risk spending up to six years in prison and paying hefty fines, under amendments to the Criminal Code signed today by Russia's president Vladimir Putin. The new penalties are introduced after earlier this month Putin signed another law that introduced fines for those who support financial pyramids by presenting them…

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December 21, 2015 BY Maria Nikolova

Vladimir Putin signs law on integrated currency market in CIS

Vladimir Putin, the president of the Russian Federation, has made another step towards the establishment of an integrated currency market in the Commonwealth of Independent States (CIS). Last week, Mr Putin signed the Federal Law On Ratifying the Agreement on Cooperation in Organising an Integrated Currency Market between Commonwealth of Independent States Member States. In…

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