It will take some 2-3 years for the Russian banking system to strengthen some positive tendencies in its development, Central Bank Deputy Chairman Oleg Vyugin voiced his opinion today at a banking conference devoted to the banking capital in regional economies.
He pointed out that first of all the Central Bank was planning to work out measures aimed at efficiently supervising the banking system. Vyugin believes that a strict policy of supervision will help the Russian banking system conduct more efficient activities. The Central Bank tries to bring more transparency to banking activities, which could attract more investments in the sector, he added.
Vyugin also noted that the new law on insuring banking deposits would reduce the monopoly of Sberbank on the market of banking deposits and increase competitiveness of commercial banks.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year