Last Updated: Thursday, 17 April 2014, 13:11 GMT

Russia: Putin wants officials banned from holding foreign bank accounts

Publisher Radio Free Europe/Radio Liberty
Publication Date 12 February 2013
Cite as Radio Free Europe/Radio Liberty, Russia: Putin wants officials banned from holding foreign bank accounts, 12 February 2013, available at: http://www.refworld.org/docid/51276ed5a.html [accessed 19 April 2014]
DisclaimerThis is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States.

February 12, 2013

Russian President Vladimir PutinRussian President Vladimir Putin

President Vladimir Putin has submitted a bill to parliament that would ban senior Russian officials, their spouses, and underage children from holding bank accounts abroad.

Under the proposed legislation, a wide range of senior government officials will have three months to close their bank accounts abroad, or risk losing their jobs.

The document says the main objective of the ban is to enhance Russian national security, increase investments in the country's economy, and fight corruption.

The lower house of parliament is currently preparing for a second reading of a similar bill that would also ban government officials and military personnel, their spouses, and underage children from owning real estate abroad.

It was not immediately clear whether Putin's proposal will be integrated into the earlier bill, or whether it will replace it.

Based on reporting by RIAN, ITAR-TASS, and Interfax

Link to original story on RFE/RL website

Copyright notice: Copyright (c) 2007-2009. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036

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