Article: Duma Rebels on Central Bank Legislation, THE ST. PETERSBURG TIMES

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In the face of government and Central Bank opposition, the State Duma passed controversial amendments to the law on the Central Bank in the crucial second reading in a landslide vote Friday. "The government will raise the issue of returning [the amendments] to the second reading," Interfax quoted Deputy Prime Minister and Finance Minister Alexei Kudrin as saying after the Duma session. The government objected to amendments that would create a 13-member National Banking Council with the right to approve the Central Bank' s annual financial statements and accounting rules. The government has been pushing for a 12-member council with supervisory powers. Central ...

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