https://legal.excellentwiki.com/russia/banking-law/ Recent content in banking law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/russia/banking-law/russian-banking-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/russia/banking-law/russian-banking-law/ <h2 id="the-constitutional-and-legislative-framework">The Constitutional and Legislative Framework</h2> <p>The Constitution of the Russian Federation, adopted in 1993, establishes the foundations of the banking system at Articles 71 and 75, which place monetary and credit policy within the exclusive jurisdiction of the federal government and designate the Central Bank of the Russian Federation (the Bank of Russia) as the institution responsible for protecting and ensuring the stability of the ruble. The Federal Law on the Central Bank of the Russian Federation No 86-FZ of 10 July 2002 defines the legal status, functions, and powers of the Bank of Russia, while the Federal Law on Banks and Banking Activity No 395-1 of 2 December 1990, as substantially amended, serves as the primary legislative framework governing the operation of credit organisations.</p>