Putin signed the law on the transfer to the budget of 90% of the profits of the Central Bank for 2015

Moscow. November 28. The President of Russia Vladimir Putin signed a law providing in 2016, the transfer of 90% of the profits of the Central Bank of the Russian Federation for the year 2015 in the Federal budget. Document posted Sunday on the official portal of legal information.

According to the document, the Central Bank after approval by the Board of Directors of the Bank of Russia annual financial statements for the year 2015 lists from actually received by the Bank of Russia by the end of 2015 profits remaining after taxes and fees, 90% to the Federal budget.

The law is aimed at mobilizing revenues of the Federal budget. Amendments made to the law on Bank of Russia.

In 2010-2014, the Central Bank transferred to budget 75% of its profits. In 2015, the Central Bank lists 75% of the profit for 2014 in the Federal budget and 15% in the VEB Bank as a property contribution for purposes of strengthening financial stability of the banking system.

The law “On peculiarities of transferring in 2016 profit received by the Central Bank of the Russian Federation by the end of 2015, and on amendments to the law “On amending article 26 of the Federal law “About Central Bank of the Russian Federation (Bank of Russia)” shall enter into force after its official publication.