Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.

 

Presidential bill bans foreign bank accounts for civil servants

Published time: June 24, 2014 09:14
Russian President Vladimir Putin (RIA Novosti / Alexei Druzhinin)

Russian President Vladimir Putin (RIA Novosti / Alexei Druzhinin)

Vladimir Putin’s draft law forbids all staff involved in state administration and strategic industries from holding foreign bank accounts. The draft also requires income reporting for state employees of all levels.

The new bill published on the State Duma website on Tuesday continues the anti-corruption drive and the tendency for the ‘nationalization of the elites’ that started in 2013 and so far has resulted in the law that bans top state officials, both elected and appointed, from holding bank accounts abroad or owning foreign-issued shares and bonds. The restrictions also touched upon heads of major state owned corporations.

The presidential draft broadens the list of those who fall under restrictions to all “involved in preparing the decisions concerning the sovereignty and national security of the Russian Federation” and all people who occupy state service positions in the Central Bank and state corporations, funds and similar organizations. The exact list of positions that will be subject to restrictions will be drafted after the parliament passes the framework bill.

Civil servants will also have to report their spending if the price of their acquisitions, be it real estate, cars or securities, exceeds the three-year combined income for themselves and their spouses. Additionally, any candidate for a post in a state agency or a state owned company would have to report his/her income and financial obligations.

Other anti-corruption amendments include a list of remands and sanctions that could be levied on police officers for poorly executing their duties, up to dismissal ‘caused by a loss of trust’ – a formula that means that the fired officer lied in his/her income declaration, possessed foreign securities or bank accounts, managed a business entity or ran a foreign NGO or its Russian affiliate.

The new rules have already caused major changes in Russian politics – major entrepreneurs with international businesses either had to sell their assets, like deputy Moscow Mayor Maksim Liksutov, or give up their political career, like billionaire Roman Abramovich, who has stepped down as the chairman of the legislature of the remote region of Chukotka.

Comments (20)

 

Eireann Emerald 11.07.2014 16:37

[quote name='Freaky' time='24.06.2014 10:53']President Putin is the greatest leader in the world.
Because of Putin we still have a little bit freedom.
The West wanna do us believe we live in a democracy society, but they mean demon-cracy.
Whe re they control your telephone-internet-b ank account
they know everywhere you go. That is not what I think freedom would be.
it is the way to a military state and submission
[/quo te]

When one has never known true freedom you don't know any better. Sounds like the Police State is still governing its people's freedoms,'even abroad.

 

Drake Chen 25.06.2014 08:20

Sorry while the reasons are sound and just.
Politician s in the end are people, it is up to the people to elect people who can represent the best interest.
It is up to the government to study different system and which benefit the country more, not there own pocket.

Eve n beter is to make sure that politicians after there office run doesn't suddenly become multimillionairs .
For x amount of period, but either way you are tackling a mission impossible ! Cause it is the person not the system, it is the current society not the people.
Who are to blaim, the hype the scam the fake promise of fast road to heaven .

 

Drake Chen 25.06.2014 08:17

How noble and just this is not the right way to combat corruption and promote a government that will garantee the safety of your country and your way of life.
How about allowing one forgein but public bank account!
So incase of a argument or coup the politicians themself have some place to go. With a set limit on the account.

No you cannot garantee a eternal life of luxury as politican, this is what corrupted the EU parlement they still live above there means, get real 30k€ a month with 15k€ expenses coverage (means in bureaucratic terms budget that has to be used up, or else it will be cut).

View all comments (20)
Add comment

Authorization required for adding comments

Register or

Name

Password

Show password

Register

or Register

Request a new password

Send

or Register

To complete a registration check
your Email:

OK

or Register

A password has been sent to your email address

Edit profile

X

Name

New password

Retype new password

Current password

Save

Cancel

Follow us

Follow us