The Russian government has endorsed the draft law under which the Central Bank can demand that commercial banks' managers be replaced. Alexei Ulyukayev, Russia's first deputy finance minister, made a statement to this effect after the government met in session to discuss the reform of the banking sector.
In Ulyukayev's words, the government supported a proposal to work out a draft law on qualification requirements to the banks' management personnel.
As Alexei Ulyukayev noted, under the draft law the Central Bank can, in case of incompetent management of a lending organisation, terminate the validity of the qualification certificate granted to its managers and demand that they should be replaced.
A Russian fighter with call sign Rassvet (Sunrise) destroyed an Abrams tank in the area of Avdiivka, the 15th Separate Guards Motorized Rifle Brigade said