Russia has been working around the new Forex law for the last 9 month and according to CRFIN Chairman of the National Association of Securities Market Participants Alexei Timofeyev, the second and third reading of the bill is scheduled for the spring session of the State Duma.
Russia Regulates Forex Trading
Vladimir Putin is now playing an important part in forex law by requesting an amendment to the original bill, introduction of license focused on the forex trading operation.
Russian regulators are considering adding limitations on the maximum available leverage for Russian forex broker. Rumors have it that the leverage might be as low as 1:50, along with other specifications and regulations towards trading services provided.
As of 2014, Russian forex trading volumes have dramatically increased. With the Ukraine stand off and Sochi Olympics have produced attractive opportunities for Ruble traders, bringing volatility to a full gear.