Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
Russia moves up to 40th place in Doing Business-2017 rating — World BankBusiness & Economy October 25, 20:04
Russia hopes to receive roadmap from IPC on Paralympic membership soonSport October 25, 20:03
Lukoil warns about fake "namesake" company in UKBusiness & Economy October 25, 19:39
Russia keeps urging West to set up wide coalition against terrorismRussian Politics & Diplomacy October 25, 19:37
The farthest shore: peaceful images of Russia's Primorsky KraiSociety & Culture October 25, 19:17
Russia to exhibit over 200 military hardware items at Airshow China-2016Military & Defense October 25, 19:06
Venezuela’s oil minister says Iraq should be part of oil production freeze dealBusiness & Economy October 25, 18:52
IAAF supports IOC decision to encourage Russia’s whistleblowing coupleSport October 25, 18:14
MOSCOW, December 13. /ITAR-TASS/. Russian Finance Ministry and the Bank of Russia (CBR) will draw up a draft agreement about bilateral cooperation in implementing the U.S. Foreign account tax compliance act (FATCA) to present it to the government by January 20. The decision emerged from a meeting on banking system issues that Prime Minister Dmitry Medvedev held on November 28, the Cabinet of Ministers’ web site says.
Late November Russian Finance Minister Anton Siluanov announced the ministry would continue FATCA talks early 2014, “as finalization of the deal has been delayed till the middle of next year”.
For regular international banking and non-trade payments in dollars after July 1, 2014, Russian banks need to obtain the status of foreign financial institutions (FFI) — banks participating in FATCA.
The FATCA is toughening requirements to financial statements for non-U.S. financial institutions and other financial intermediaries that gain certain earnings from the U.S. sources. Disobedient holders of accounts in non-participating foreign financial institutions and non-financial foreign institutions that would refuse consent for the FFI to reveal information about them will face a kind of sanction, a 30% withholding tax.