The Parliament of the LPR allowed Promsvyazbank to enter the market of the republic

Promsvyazbank office building. File photoLUHANSK, June 4The deputies of the People's Council of the LPR at the next plenary session considered and adopted the law «On the specifics of regulating the activities of the public joint-stock company Promsvyazbank on the territory of the Lugansk People's Republic», which was developed to ensure the fastest and most effective entry of Promsvyazbank into the financial market of the republic, the press reported. — the service of the parliament. «The most important part of the integration processes taking place in the Luhansk People's Republic is providing the population and business entities with access to Russian standards of high-tech banking services. PJSC Promsvyazbank is authorized to solve these problems on the territory of the republic,» the press service of the committee chairman quotes People's Council of the LPR on budgetary and financial, investment and tax policy, economy, trade and foreign relations, development of small and medium-sized businesses Alexey Beletsky.VEB and Promsvyazbank will develop work in CrimeaAccording to him, the need to develop a law is connected with the creation of a legal framework for the activities of Promsvyazbank, «as close as possible to the legal regulation of the activities of credit organizations in the Russian Federation.» He added, that the purpose of drafting the bill was to regulate relations between Promsvyazbank and the State Bank of the LPR, its employees and employees, tax authorities, the Ministry of Justice of the LPR. The Republic is fully or partially guided by the legislation of the Russian Federation, as well as relations that are regulated by the legislation of the Luhansk People's Republic,» summed up the Chairman of the Budget and Finance Committee.