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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Roger Bacon on March 17, 2013, 08:06:28 PM
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What's the deal with this? I read on another forum that WW3 has started?
???
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Russian President Vladimir Putin has signed a law banning foreign banks from opening branches in the country, the government website said.
The bill was adopted by the State Duma on Feb 22 and approved by the Federation Council on March 6.
The bill amends a number of existing Russian banking laws as part of a strategy to develop the domestic banking sector by 2015. The law excludes branches from the definition of the banking system in Russia.
It also removes the phrase "branches of foreign banks" from articles on the state registration of credit institutions with foreign investment and on additional requirements for their establishment and activity.
Foreign capital in the Russian banking sector is held in subsidiaries of foreign banks, registered in accordance with Russian legislation.
The explanatory note to the document states that branches operate in a different way from subsidiaries of foreign banks, since branches are not subject to Russian jurisdiction.
Due to this, the note said, they are not subject to full supervision by regulators; they are not obliged to allot money to obligatory reserve funds, or to report to the Bank of Russia via both the Russian and international accounting systems, nor do they need to submit monthly reports to the Bank of Russia.
The bill's sponsors say these privileges may reduce the competitiveness of Russian banks.
Read more at: http://indiatoday.intoday.in/story/russia-bans-foreign-banks-from-opening-branches/1/258222.html
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Awesome.
Imagine if we signed a bill banning foreign banks here, effectively shutting down the Federal Reserve... Oh man, shit would hit the fan.
This is going to have massive repercussions.
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Awesome.
Imagine if we signed a bill banning foreign banks here, effectively shutting down the Federal Reserve... Oh man, shit would hit the fan.
This is going to have massive repercussions.
Over / Under on Putin assassination attempts?
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Over / Under on Putin assassination attempts?
Yeah, pretty sure thats almost guaranteed.
Or we're going to start antagonizing them until we start WWIII.
Didn't the UK declare Iceland a terrorist nation because they charged some international bankers with a crime for fucking up Icelands economy?
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Yeah, pretty sure thats almost guaranteed.
Or we're going to start antagonizing them until we start WWIII.
Didn't the UK declare Iceland a terrorist nation because they charged some international bankers with a crime for fucking up Icelands economy?
Possibly... I have heard that Iceland's economy has rebounded better than any other country on earth though since they did that.
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Possibly... I have heard that Iceland's economy has rebounded better than any other country on earth though since they did that.
I heard that as well, and I believe that Britain cut off all financial ties with them and declared them a terrorist nation because of it. Goes to show you who REALLY pulls the governments strings.
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so the Rothchilds no longer have a bank in russia? ???
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I'd like to know more about this story. It may not be as dramatic as it first seems, but still interesting...