Russia's Duma Approves Deposit Insurance Expansion to Corporate Banks in First Reading

The Russian State Duma passed the first reading of a bill to include banks that only accept funds from legal entities and individual entrepreneurs in the deposit insurance system. This expands the safety net beyond retail deposits, potentially altering risk perceptions for corporate depositors. The move signals a regulatory shift to bolster confidence in the banking sector, though final passage and implementation details remain pending.

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