Volodin spoke about the laws coming into force in December

State Duma Speaker Volodin spoke about new laws coming into force in December

State Duma Speaker Vyacheslav Volodin spoke about new laws force in December. The information was published on his Telegram channel.

Volodin spoke about the start of pre-trial blocking of sites advertising financial pyramids, access to socially significant services for citizens, responsibility for the sale of unlabeled products and the beginning of measures to limit greenhouse gas emissions.

From December, access to socially significant sites, such as portals of government agencies, local governments, state extra-budgetary funds and government services, will become free.

Sites advertising pyramid schemes will be blocked without court decisions. Other legislative norms related to the financial sector come into force. Banks will no longer be able to require a minimum balance on the borrower's account, and additional non-financial services can be canceled within 14 working days after the conclusion of the loan agreement.

Earlier, the State Duma adopted in the third reading a law allowing the Central Bank of Russia to introduce macroprudential limits for banks and microfinance organizations when issuing credits and loans. Now the regulator will be able to impose restrictions, setting the maximum allowable share of certain types of products for credit institutions: in particular, unsecured consumer loans and loans.