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Interfax: The Ministry of Economy will propose to allow banks commissions on old foreign currency deposits

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The Ministry of Economy is preparing amendments to the Civil Code of the Russian Federation, which will allow banks to introduce commissions on foreign currency deposits opened before the bill comes into force, Interfax reported, citing a source. Earlier, the Central Bank stated that this is unacceptable. According to the source of the agency, the regulator agreed on the amendments. According to the interlocutor of the agency, amendments are planned to be made to the law “On Banks and Banking Activity” (FZ No. 395-1), the Ministry of Economy has already sent proposals to the Ministry of Justice, now they are undergoing legal and anti-corruption examinations. The Ministry of Finance and the Central Bank agreed on the amendments. Earlier, the Bank of Russia announced that it was studying the introduction of commissions on foreign currency accounts by several banks, in particular Tinkoff-bank and Raiffeisenbank. The Central Bank noted that they understand the concern of banks with the risks of working with currency, but believe that banks should not worsen the terms of service for existing customers. For more information about the opinion of the Central Bank on commissions, see the material “Kommersant FM” “The Central Bank took up foreign exchange commissions.” Even more news ….

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