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The Finance Ministry has proposed that banks “Putin’s friends” to give access to the budget money

Минфин предложил банкам "друзей Путина" дать доступ к бюджетным деньгам

The Finance Ministry has proposed that banks “Putin’s friends” to give access to the budget money

Russia’s Finance Ministry proposes to limit the circle of banks which will have access to budget money, and money three extra-budgetary funds (pension Fund, social insurance Fund and FFOMS). According to the draft resolution published on the website regulation.gov.ru under restrictions you will not get private banks friends of Russian President Vladimir Putin, as they are under international sanctions.

The ruling said that banks will be able to continue operations with the funds of the Federal budget and budgets of state extra-budgetary funds, if they meet certain criteria. In particular, the credit institution should be under the control of the Bank of Russia or the government, as well as to enter the list of banks authorized to keep accounts of strategically important companies. Currently, these banks are only 27.

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Access to budgetary funds will get, banks that are subject to international sanctions, subject to separate government approval. Such banks must have a capital of not less than 25 billion roubles.

According to RBC, such criteria are consistent with the Bank “Russia”, controlled by Yuri Kovalchuk, Nikolai Shamalov and Gennady Timchenko, and SMP, the Bank, the brothers Arkady and Boris Rotenberg. It is all these people Vladimir Putin during the direct line in April 2014 has called his “good friends, friends”.

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A source in the Finance Ministry confirmed that the sanctions banks were included in the project to receive support after the restrictive measures of the USA and the EU.

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