RUSSIAN GOVERNMENT TO SUBMIT MORTGAGE BILLS TO DUMA

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MOSCOW, January 21st, 2004 (RIA Novosti). The Russian government will soon submit a package of mortgage draft laws for the State Duma (lower house) consideration, said Deputy Economic Development and Trade Minister Arkady Dvorkovich.

"The full package of the mortgage legislation documents will be submitted to the State Duma before or shortly after the presidential elections scheduled for March 14," the deputy minister said.

Dvorkovich specified at a session of the Duma banking committee that the package of mortgage documents will include 8-10 draft laws, in particular the laws on taxation and issues related to the protection of creditors' rights.

According to the deputy minister, the mortgage legislation is a priority for the Russian leaders' activity.

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