- published: 22 May 2016
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There are significant regulations for banking in Russia. Banks in the Russian Federation should meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations.
Prior to 1861, the growth of private savings was limited by the fact that the majority of Russia's population was composed of serfs, agricultural laborers who were tied to the land and had few personal freedoms. The only people likely to take advantage of personal savings accounts came from a small class of urban merchants and craftsmen. In 1862, there were only 140,000 deposit accounts totaling 8.5 million rubles in a country of 70 million people. After the abolition of serfdom in 1861, savings accounts became more widespread. Growth was particularly rapid in the 1880s, when the central offices at the Central Bank were supplemented by regional offices at local treasuries and telegraph stations. Savings offices opened in rural villages as well as urban centers, leading to a total of 4,000 branches and two million individual accounts in 1895.
Russia i/ˈrʌʃə/ or /ˈrʊʃə/ (Russian: Россия, tr. Rossiya; IPA: [rɐˈsʲijə] ( listen)), also officially known as the Russian Federation (Russian: Российская Федерация, tr. Rossiyskaya Federatsiya; IPA: [rɐˈsʲijskəjə fʲɪdʲɪˈratsɨjə] ( listen)), is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects. From northwest to southeast, Russia shares borders with Norway, Finland, Estonia, Latvia, Lithuania and Poland (both via Kaliningrad Oblast), Belarus, Ukraine, Georgia, Azerbaijan, Kazakhstan, China, Mongolia, and North Korea. It also has maritime borders with Japan by the Sea of Okhotsk, and the US state of Alaska by the Bering Strait. At 17,075,400 square kilometres (6,592,800 sq mi), Russia is the largest country in the world, covering more than one eighth of the Earth's inhabited land area. Russia is also the eighth most populous nation with 143 million people. It extends across the whole of northern Asia and 40% of Europe, spanning nine time zones and incorporating a wide range of environments and landforms. Russia has the world's largest reserves of mineral and energy resources and is the largest producer of oil and natural gas globally. Russia has the world's largest forest reserves and its lakes contain approximately one-quarter of the world's fresh water.
Sergey Vyacheslavovich Lazarev (Russian: Сергей Вячеславович Лазарев) (born 1 April 1983) is a singer, dancer and actor born in Moscow, Russia. He is most famous for his singing career, when he rose to fame as the dark-haired member of the group Smash!!. The group broke up in 2006. Since then Lazarev has pursued a solo career.
From the age six to nine Sergey Lazarev went in for artistic gymnastics. Lazarev began his acting and singing career before the age of 10, singing in the Lokteus Children Choir. At the age of 14, he had already received his first musical award, won several children's song contests, and ended up as a member of child group Neposedi (Непоседы), the same group in which Yulia Volkova and Lena Katina of t.A.T.u met each other. Also his friend Vlad Topalov (Влад Топалов) joined the group, who later would become the other half of the group Smash!!.
When he was eleven, he sang in the Pokrovsky Theatre, had parts in many plays. In 1995, at the age of 12, Sergey entered the fidgets band, the same year he won the TV contest of children's gold key. As a part of the fidgets group Sergey took part in famous Russian TV programs and contests, such as "Guess the Tune", "Grasp Me", "The Morning Star", "Look Out", "The Blue Light" and "The Slaconic Bazaar". In September 1996 Sergey won the first prize at the contest Bravo Bravissimo in Italy. The same year he sang with the president orchestra led by P. Ovsyannikov.