Putin signs legislation on Crimea financial system functioning in transition period
MOSCOW. April 2 (Interfax) - Russian President Vladimir Putin has signed into federal law a bill on the specifics of the functioning of the Republic of Crimea's and the federal status city of Sevastopol's financial system in the transition period, the Kremlin press service reported on Wednesday.
The bill was passed by the State Duma on March 31 and endorsed by the Federation Council on April 1, 2014.
The document determines the specifics of the functioning of banks, non-credit financial organizations, non-bank financial institutions, and foreign exchange offices in Crimea and Sevastopol in the transition period until January 1, 2015. It also stipulates the procedure of obtaining licenses and other permits, the registration of such institutions, or the termination of their operations.
