MOSCOW, February 29 - RAPSI. Sberbank, the largest bank in Russia and the CIS, has proposed to amend the laws on bankruptcy and on simplifying debtor bankruptcy procedures, RIA Novosti reports on Wednesday.

"Today, debtors benefit from a judicial act that came into effect, in terms of parties attempting to initiate aggressive bankruptcy procedures," Pavel Gubin, the head of Sberbank's Bankruptcy Procedure Department, told RIA Novosti.

"We believe that such a situation is inadmissible. This is why banks cannot maintain their momentum. This definitely undermines bank interests," Gubin said.

The Economic Development Ministry supports Sberbank's position.

"Many problems are rooted in the fact that debtors are not threatened by the possible appearance of creditors, and creditors often cannot start controlling debtors. This results in a time gap used by debtors to cash in on their property," Dmitry Skripichnikov, a ministry official, said.