Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Russian Law: Parliament in Action
May 28, 2013 22:24

Photo Credit:

1. No Cash, No Pain.

Russia is inching closer to putting tighter controls on cash transactions, in line with similar moves introduced in some of EU member states.

The Finance Ministry promised to submit a bill to impose limits on cash transactions since 2014.

According to the bill reviewed by Izvestia daily, any deals in cash worth higher than $20,000 will be banned starting from next year, and 2015 will see a limit dropping to $10,000.

This comes as the government is increasingly struggling for budget revenue while the black economy is thriving.

According to Forbes, “the global off-the-grid economy represents $10 trillion worth of economic activity per year.”

However, tighter regulation might backfire and prompt a rebellion if the middle class are cornered into more restrictions, fewer freedoms, higher taxation and flat salaries.

2. Don’t Be Greedy.

In another piece of legislation, MPs seek to cap the so called golden parachutes, or rather bonuses to outgoing senior managers of state-run companies.

If the draft law enters into force, payments to heads of state corporations would be limited to between three and 12 monthly salaries, and payments to CEOs of companies with a big state stake would not be higher than 3-18 monthly wages.

If the bill is passed and signed into law, it will become effective starting from 1 August 2013.

3. Same Sex Couple? No, Thank You.

MPs are considering amendments to existing legislation that will ban adoptions by foreign same sex couples, says Izvestia daily.

According to deputy chairman of the State Duma committee on family, motherhood and children, Olga Batalina, their committee will hold a joint session with the foreign affairs committee to identify what measures need to be put in place to make this ban effective.

MPs have referred to legalization of same sex marriages by parliaments of several EU countries, in particular France, as the reason for the move. 


Author: Mikhail Vesely

Tags: Russian law Parliament in Action    

Next Previous

You might also find interesting:

The Moskva River oastline Protection Football: Russians' Adventures in Brazil A mysterious case of Victor Bout Greenhouse economic effect The Volume Of Railway Transportations Between Russia And China Increased

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
activity holidays  Heroism   Anzhi Makhachkala  Kavalerovo   medicine  Russian tourism  Taisia Korotkova  Russian education  Rostov  Togliatti  Russian offroad vehicles  Moscow parks  Derbent  Water Supply System  Moscow airports  Sochi  Exhibitions in Moscow  Natalya Goncharova  Mistral  Aleksey Kudrin  Paleontology  Russian business  Yulmart  Nilov Monastery  Moscow  Russian history  Russian travellers  Blondie  Russian government  Opposition  Russian Literature  Russian architecture  Russian Cinema  Alexander Volkov  Interactive Museums  Bashkiria  Baikal Race  Viruses  Novosibirsk Museums  Archeology  Charity  Culture and Art  Russian Emperors  Pushkov  Sheremetyevo  Mercedes-Benz Fashion Week Russia  Painting  Anzhi  Death Museums  Vladivostok 

Travel Blogs
Top Traveling Sites