On the release of Bank of Russia Bulletin

Bank of Russia Bulletin No. 69 (1547) of 30 July 2014 has been released.

The issue publishes information on the decision of the Bank of Russia Board of Directors, dated 25 July 2014, to raise the key rate to 8.00% and the decision to raise interest rates on Bank of Russia specialised refinancing instruments from 6.40% to 7.00%.

The Bulletin provides the structure of cash in circulation as of 1 July 2014 and the data on foreign currency flows on the territory of the Russian Federation through the authorised banks in March 2014.

The issue publishes the following Bank of Russia Orders:

OD-1886, dated 25 July 2014, on the revocation of the banking licence from the Makhachkala-based credit institution NEW COMMERCIAL BANK LLC;

OD-1887, dated 25 July 2014, on the appointment of the provisional administration to manage the Makhachkala-based credit institution NEW COMMERCIAL BANK LLC due to the revocation of its banking licence;

OD-1888, dated 25 July 2014, on the revocation of the banking licence from the Moscow-based credit institution OJSC UNICORBANK;

OD-1889, dated 25 July 2014, on the appointment of the provisional administration to manage the Moscow-based credit institution OJSC UNICORBANK due to the revocation of its banking licence;

OD-1890, dated 25 July 2014, on the revocation of the banking licence from the Moscow-based credit institution CB AUERBANK LLC;

OD-1891, dated 25 July 2014, on the appointment of the provisional administration to manage the Moscow-based credit institution CB AUERBANK LLC due to the revocation of its banking licence.

The issue publishes information from the state corporation Deposit Insurance Agency for the depositors of OJSC EUROSIB BANK, CB ECF LLC and FININVEST BANK LLC.

The section Non-Bank Financial Institutions publishes the following Bank of Russia Orders:

No. OD-1880, dated 24 July 2014, ‘On the Revocation of Reinsurance Licence from the Open Joint-Stock Company Insurance Company VNESHECONOMSTRAKH’;

No. OD-1946, dated 29 July 2014, ‘On Suspending the Insurance Licence of the Closed Joint-Stock Company Insurance Company Voskhozhdeniye’.

The Bulletin presents weekly general data on financial market sectors, as well as information notices by the Bank of Russia.

Bank of Russia Bulletin No. 69 publishes the following official documents:

Bank of Russia Ordinance No. 3285-U, dated 19 June 2014, ‘On the Procedure and Terms of Changing Forms of Insurance (Reinsurance) Licence for the Purpose of Conforming Them with the Requirements of the Legislation of the Russian Federation’ (becomes effective 10 days after the official publication in the Bank of Russia Bulletin);

Bank of Russian Ordinance No. 3344-U, dated 25 July 2014, ‘On the Interest Rates on Loans Secured with Gold’ (becomes effective the day it is signed);

Bank of Russian Ordinance No. 3345-U, dated 25 July 2014, ‘On the Interest Rates on Bank of Russia Depository Operations’ (becomes effective the day it is signed);

Bank of Russian Ordinance No. 3346-U, dated 25 July 2014, ‘On the Interest Rates on Loans Secured with Assets and Guarantees’ (becomes effective the day it is signed);

Bank of Russian Ordinance No. 3347-U, dated 25 July 2014, ‘On the Interest Rates on Bank of Russia Lombard Loans’ (becomes effective the day it is signed);

Bank of Russian Ordinance No. 3348-U, dated 25 July 2014, ‘On the Interest Rates on Bank of Russia Overnight Loans’ (becomes effective the day it is signed);

Bank of Russia Letter No. 128-T, dated 25 July 2014, ‘On the List of Organisations’ (becomes effective the day it is published);

Bank of Russia Letter No. 129-T, dated 25 July 2014, ‘On the Interest Rates on Loans Secured with Assets, Guarantees or Gold and Issued for the Period from 91 to 549 Days’.

The section Bank of Russia Consultations publishes information letter No. 24, dated 22 July 2014, ‘On Applying the Federal Law ‘On Counteracting the Legalisation (Laundering) of Criminally Obtained Incomes and Financing of Terrorism’ and Bank of Russia Regulation No. 262-P, dated 19 August 2004, ‘On Identifying Clients and Beneficiaries by Credit Institutions for the Purpose of Countering the Legalisation (Laundering) of Criminally Obtained Incomes and Terrorist Financing’.

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