Tatiana Frolova

One of the innovations that completely changed the current practice was the introduction of liability for illegal currency transactions in the form of a fine amounting to 75 to 100 % of the amount of the currency transaction.

In 2020, changes made to the Tax Code of the Russian Federation affected mainly individuals with income above the national average.

In autumn, potential changes began to shape up, and by the end of the year the State Duma received the draft law On Amendments to the Federal Law on Foreign Exchange Regulation. The key interest of these amendments was the status of the foreign exchange resident and the expanded [...]

For some time now legislators have tried to attract personal savings to the securities market. It may be explained by the fact that Russian companies desperately need financial injections, but many of them have no access to the market of cheap foreign credits.