The document provides for a ban on the accrual of interest to an authorized bank for the use of funds held in a special account under the State Budget
MOSCOW, December 22. /tass/. Russian President Vladimir Putin has submitted to the State Duma a bill that provides for a ban on charging interest to an authorized bank for using funds held in a special account under a state defense order (GOZ). The document is posted in the electronic database of the lower house of Parliament.
The bill is aimed at creating conditions for reducing the rates on loans attracted for the implementation of the state armament program, in order to reduce federal budget expenditures on subsidizing the payment of interest on such loans, the explanatory note says. The source of financing of these loans are, among other things, temporarily unused funds held in separate accounts of the main executors of the state defense order and the executors involved in the supply of products under the state defense order.
According to the draft law, it is not allowed to charge interest for the use of funds held in a separate account by an authorized bank, and it is also prohibited to place the balances of such funds on deposits. At the same time, authorized banks are obliged to provide preferential financing to the main executors and executors of the state defense order on the terms defined by an act of the Government of the Russian Federation and including, among other things, the amount of attracted credit resources, the conditions for their return, as well as requirements for the financial situation of borrowers and their solvency.
