The Central Bank of the Russian Federation May Be Vested With the Authority to Determine the Foreign Currencies that May Be Used to Pay for the Authorized Capital of Financial Organizations
On June 21, 2024, Bill No. 653124-8 "On Amending Certain Legislative Acts of the Russian Federation" (hereinafter - "Bill No. 653124-8") was submitted to the State Duma of the Russian Federation, providing for changes in the procedure for payment for the authorized capital of credit organizations, insurance organizations and non-state pension funds (hereinafter - "financial organizations").