Source Pravda.Ru

Russia to pass legislation on investors' rights this year

The State Duma is likely to pass a number of laws concerning investors' rights in the near future, according to Sergei Generalov, a member of the National Council for Corporate Governance and chairman of the Duma's Committee on Investors' Rights. In a statement last week Generalov said that the main reason for the low level of investment flowing into Russia was the low standard of corporate governance in Russian companies. However, he suggested that the situation has begun to change, saying that the government has realised that 'it is absolutely essential to improve property protection mechanisms.'

Generalov said that several bills, including a bill 'On limited companies', have recently been debated in parliament. Nevertheless, he believes that a number of other laws are needed to 'create a full legal foundation for protecting investors' rights.' Generalov sees that most important of these as a law on insider trading and a law on affiliated organisations. A number of important amendments also need to be made to existing legislation. Generalov said that these concern dividend payments, improvements to the judicial system and judicial reform.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
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US sanctions to kill Russian banks and sovereign debt?