Deposit insurance will be extended to deposits of small enterprises

Russian President Vladimir Putin instructed the Government of the Russian Federation together with the Bank of Russia "to ensure the introduction of changes to the legislation of the Russian Federation providing for the distribution of the operation of the insurance system for deposits of individuals to deposits posted by micro -enterprises and small enterprises in credit organizations."

According to TASS, the list of instructions of the head of state, published on the Kremlin website, says that the Cabinet of Ministers and the Bank of Russia should also "monitor the application of the currency legislation of the Russian Federation in relation to high -tech export -oriented companies." Both of these instructions should be made by September 1, 2018.

Putin also ordered to submit proposals for the elimination of excess administrative barriers to the commission of financial transactions related to the export of high -tech products and services, including making appropriate changes "to the legislation of the Russian Federation.

The President recommended that the Bank of Russia "apply a differentiated approach to regulating credit organizations of loans to legal entities, taking into account the ultimate purpose of the use of loans, increase the efficiency of the operating activities of such legal entities and their mergers on merging and acquisition."

Earlier on Thursday it was reported that the DIA proposes to distribute insurance of a certain amount in banks on all legal entities.

State Duma deputy Anatoly Aksakov said that the law on insurance of small and micro -enterprises can be adopted in April of this year. "For insurance of the funds of small enterprises - we also approached the decision, I set the task for us to make this law in April. There is a question related to micro- and small enterprises - there are temporary lags, how to take into account this law," Aksakov said.

"The director of the Deposit Insurance Agency Yuri Olegovich Isaev proposed to generally extend insurance to all legal entities, this is the next stage. We will first take this decision. It is clear that not all funds, to a limited amount of funds, but nevertheless it is quite possible that this year will be implemented," the deputy emphasized.

Now deposits insurance is valid only in relation to individuals and individual entrepreneurs. The payment of compensation up to 1.4 million rubles is made by the State Corporation Agency for Deposit Insurance. The legal entity can be compensated only during the liquidation of the bank as part of the claims of creditors of the third stage.