Russia's banking system has surpassed its pre-crisis level (before August 1998) on all main indicators. This was announced yesterday at a meeting of the Council of the Association of Russian Regional Banks by Alexander Murychev, the association's president. He said that at the moment the main development trend of Russian banks is the concentration of capital. The thirty largest banks hold 68% of all assets in the banking system. According to Murychev, almost the entire inter-bank and currency market in Russia is built on the operations of these banks. He also said that the concentration of capital is accompanied by an expansion of major banks into the regions, where new banks are no longer being set up and the number of credit organisations is declining.
Murychev believes that despite the favourable external economic situation, domestic conditions will not allow the high rate of growth of the banking system to continue. He predicts that this figure will not exceed 4.5% in 2003.
The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations
On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part