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

Russian Parliament Bans Overseas Accounts for Officials
25.04.2013 10:32
Russian Parliament Bans Overseas Accounts for Officials
http://pravo.ru/news/view/84668/

On Wednesday, April 25, Russian Duma, the lower house of the Russian parliament, passed in the third and final reading a bill banning public officials, lawmakers and judges from having foreign bank accounts.

      The bill was initially submitted by Russian President in mid-February as part of the Kremlin’s much touted anti-corruption drive. It was amended in its second reading to extend the ban to all foreign securities, including traveler’s checks.

      State and government officials are also banned from holding any valuables – including precious metals – with foreign banks and cannot use foreign financial instruments for trust management.

      The single accessible way for public officials to own property abroad is to declare it and explain the sources of the income used to buy it.

      After the bill is to be signed by the president, government officials will have three months to close any foreign accounts and transfer their funds to Russia or quit their government posts.

       




Author: Julia Alieva

Tags: Russian legislation Russian politics Russian officials Russian Parliament  

Next Previous


You might also find interesting:

How Russians Spend Money in 2018
19.11.2018
The Volume of Consumer Loans Issued has Reached its Historic Peak in Russia
12.11.2018
MBFW Russia: Beautiful Boys Version 2.0 by Nikolay Legenda
12.10.2018
The Number of Employed Russians Fell Sharply
07.08.2019
Futurum Moscow - Presentation of Emerging Designers
12.10.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Oscar  Russian spacecrafts  Banya  Yakutia  St. Petersburg Museums  Russian business  Russian children  Exhibitions in Moscow  Mercedes-Benz Fashion Week Russia  Stalingrad Battle  Leningrad Region  Seals  Russian regions  travel to Russia  Gennady Onishchenko  natural gas  National Agency for Financial Studies  Internet  Supseh  accommodation in Yekaterinburg  Festivals in Moscow  Rostov Region  Book Tickets for Concerts  Moscow Museum of Modern Art  Atyashevo  Russian musicians  Sergei Diaghilev  Russian visa  Concerts  Multimedia Art Museum  St. Petersburg  ENEA  Kuznetsk  Novgorod Region  terrorism  Moscow taxi  Moscow  Libya  train tickets Russia FIFA  Russian Film Directors  Festivals of Russia  Russian tourism  Phobos Soil  Elbrus ARM  terrorist organizations  Russian banks  animation  The Romanov Family  tourism  Russian Cinema 


Travel Blogs
Top Traveling Sites