News Highlights

Russia: 13 Entrepreneurs Released From Jail as Amnesty Starts

An amnesty for Russia ’s jailed entrepreneurs, ordered by PresidentVladimir V. Putin , has begun, with 13 people freed so far, the country’s business ombudsman said Tuesday. The amnesty was proposed by the ombudsman, Boris Titov, last year and signed into law this month to try to correct failures in a legal system…

Banks to adopt Basel III standards in 2014

July 23, 2013

Russia’s Central Bank has decided to adopt standards to tighten bank safety requirements simultaneously with Europe and the United States. The requirements, however, will be stricter in the Russian market than in the West.