August 25, 2012
Members of the ruling United Russia party submitted to parliament a draft law that, if approved, would force the Bank of Russia to consult policy with the government, a legislator said on his website Tuesday.
The motion is spearheaded by Yevgeny Fedorov, a member of the Duma, the lower house of Russia’s Parliament, since 2003. He’s known for his unorthodox views of the global financial system. In interviews, he insists that Russia is a colony of the U.S., and that Washington is behind all of Moscow’s main headaches, including terrorism and the anti-Kremlin movement.
The draft of the bill states the government is to set interest rates together with the central bank and co-manage with it the country’s financial reserves, investing them in Russia. The country’s participation in international financial organizations is to be regulated by parliament, according to the draft.
This article was posted: Saturday, August 25, 2012 at 8:17 am