Tatiana Frolova

In accordance with the Federal Law “On Insurance of Household Deposits in Banks of the Russian Federation” the Deposit Insurance Agency (DIA), in the case of revocation (cancellation) of the banking license of a bank, pays insurance indemnity to individual depositors from the compulsory deposit insurance fund.

This law came into force on January 1, 2002 and marked an attempt to reform the pension system in Russia. Within the meaning of the law, a part of the employer's pension contributions was meant to form the funded part of the pension.

In 2020, the phrase “The world will never be the same again” became really popular. And this statement has already become reality for people who keep their savings with Russian banks.

On May 7, 2018, the Ninth Arbitration Court of Appeal delivered a judgement that caused a great stir to the "digital world". Cryptocurrency was recognized as property that could be foreclosed.