Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 16.02.2010

Federal Law No. 11-FZ of February 15, 2010 on the Amendments to Article 29 of the Federal Law on the Banks and Banking Activities

Prohibits inclusion in the credit contract with a borrower provisions permitting the credit organisation to change on a unilateral basis interest rates for credits, procedure of their determination, commission and the period of effect of such contracts.

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