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The Bank Committee of the State Duma has raised a proposal to toughen the project of amendments to the law "About the basis of tourist activity", which has already caused discontent of Russian tour operators.
The Head of the Committee Vladislav Reznik suggests that the sum of travel operators` financial guarantees must be increased from the present 10 million rubles (375 thousand dollars) to 100 million rubles (3 million 750 thousand dollars).
Market representatives, however, claim that the suggested measures are likely to do away with almost all middling tour operators and leave only several big companies to function in the travel sphere.
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Cosmos
President
