RF State Duma: foreign currency loans should be banned, while interest rates on ruble loans reduced to 16.5% – Foreign economic relations

RF State Duma: foreign currency loans should be banned, while interest rates on ruble loans reduced to 16.5% – Foreign economic relations

February 28, 2015 22:02

In Russia may temporarily fall under the prohibition of loans in foreign currency and ruble interest rates on borrowing limit – consider such a bill, the State Duma of the Russian Federation. The initiator and author of the law became deputy Alexander Sherin.

«Who is a good opportunity to limit the credit institutions in freedom by setting up interest on the loan or credit. You must enter vary the percentage tied to the key rate of the Central Bank. In addition to avoid the negative effects of fluctuations in the ruble is necessary to oblige banks to lend only in the national currency “- said Shereen (” RG »).

The key rate of the Central Bank is 15%, Sherin proposes to limit the maximum percentage of the loan as follows: : key rate plus 10% of it, in other words, to date, the maximum rate on ruble loans should not exceed 16.5%. Already issued foreign currency loans MP offers counted on the foreign currency exchange rate valid on the day of the loan.

Author: Natalia Zavatsky