Russian Financial Control Monitor

MOSCOW. The Russian Central Bank has revoked the banking licence of Makhachkala-based Andjibank, reported the Bank’s external and public relations department. It found out that Andjibank had a significant shortage of cash and failed to comply with the Central Bank’s requirements for loan loss reserves. It also submitted false accounting statements to the Central Bank, concealing grounds for taking measures to prevent bankruptcy. A temporary administration has been appointed to the bank.

MOSCOW. In compliance with its obligations taken following WTO accession, Russia plans to lower export duties on some types of fish and other bio resources, as well as on animal skins, from September 1, 2013. The export duty on some kinds of Pacific salmon, halibut, tilapia, catfish, carp, flounder, mackerel and other fishes will go down to 3.75% from the current 5%. Duties on whole lobsters, certain kinds of crabs, crawfish tails and other bio resources will be reduced to 7.5% from 10%. Duties on untreated animal skins will be lowered to €450 from €500 per metric ton. Duties on treated skins will remain unchanged at 10% but not above €206 per metric ton.

2023-10-08 11:42:18