MOSCOW, July 15 (RAPSI) – Russian government has lodged a bill on administrative liability for violations of procedure of banking operations during state defense procurement with the State Duma, according to the document published on the governmental website on Friday.

According to the bill, failure to meet obligations by the bank during the banking support of the state defense procurement may result in 50,000 ruble fine ($793).

The bill creators believe that it will increase effectiveness of countering banking violations during the state defense procurement.