18 Jun 2010 11:52

Russia to adopt new financial system bills in 2010 - Medvedev

ST. PETERSBURG. June 18 (Interfax) - A series of bills aimed at developing Russia's financial system and establishing an international financial center in Moscow will be adopted before the end of the year, President Dmitry Medvedev said at the St. Petersburg economic forum on Friday.

"Before the end of the year, we plan to adopt bills on consolidated financial statements, regulation of affiliated entities, the central depository and the national payments system," Medvedev said.

These changes will help create a "more comfortable environment for operations on Russia's exchanges, as well as make the taxation of financial operations more convenient," the Russian president said.