Latest News:

Democratic National Convention: What to watch for at Biden’s nomination party -

Monday, August 17, 2020

Republicans dismiss Trump proposal to delay election -

Thursday, July 30, 2020

Obama calls filibuster ‘Jim Crow relic,’ backs new Voting Rights Act bill -

Thursday, July 30, 2020

Donald Trump suggests delay to 2020 US presidential election -

Thursday, July 30, 2020

US teenager wins $3m playing computer game Fortnite -

Sunday, July 28, 2019

Dozens of mourners ‘killed by Boko Haram’ at a funeral in north Nigeria -

Sunday, July 28, 2019

Dan Coats, Trump’s top intel official, to depart White House -

Sunday, July 28, 2019

Donald Trump’s power dynamic with Nancy Pelosi will be on full display at the State of the Union -

Tuesday, February 5, 2019

Pennsylvania poll: Clinton up by 9 points – QuestCinq.com -

Thursday, July 28, 2016

Your Ports!! – QuestCinq.com -

Wednesday, July 13, 2016

In shadow of Brexit, NATO considers Russian deterrence – QuestCinq.com -

Wednesday, July 6, 2016

Italy vs Spain,England vs Iceland; Boston Red Sox vs Tampa Bay Rays – QuestCinq.com -

Monday, June 27, 2016

Foreign diplomats voicing alarm to U.S. officials about Trump – QuestCinq.com -

Monday, March 7, 2016

Trump grants press credentials to ‘pro-white’ radio show host – QuestCinq.com -

Wednesday, March 2, 2016

Supreme Court rejects Arizona sheriff’s appeal on immigration – QuestCinq.com -

Tuesday, January 19, 2016

Hawking: Humans at risk of lethal ‘own goal’ – QuestCinq.com -

Tuesday, January 19, 2016

ObamaCare supporters see wall of resistance cracking in South – QuestCinq.com -

Saturday, November 21, 2015

Attaque revendiquée par l’EI au Bangladesh: un mort et 80 blessés -

Saturday, October 24, 2015

Russia says wants Syria elections, ready to help Free Syrian Army -

Saturday, October 24, 2015

Hillary Clinton calls Republican’s impeachment vow ‘pathetic’ -

Saturday, October 24, 2015

Putin bans officials from owning foreign accounts

By VLADIMIR ISACHENKOV

The Associated Press

MOSCOW —

President Vladimir Putin has submitted a bill that would ban Russian Cabinet members and other senior officials from having foreign bank accounts and owning foreign stock, the Kremlin said Tuesday.

The proposal also applies to the officials’ wives and underage children.

The Kremlin said that the measure is aimed at “ensuring national security, establishing order in lobbyist activities, increasing investment in the national economy and raising efficiency of anti-corruption efforts.”

Putin first mentioned the move in his state-of-the nation address in December, casting it as part of efforts to make officials accountable to the public. “How can you trust an official or a politician who rants about Russia’s benefit but tries to keep his money abroad?” he said in the speech.

Some observers, however, saw it as part as an increasingly isolationist course Putin has taken since his election to a third presidential term and warned it could lead to a split in Russia’s ruling elite.

Putin accused the U.S. of staging massive protests against his rule, and he initiated the passage of a series of repressive bills after his inauguration in May. Russia also expelled the U.S. Agency for International Development and scrapped several bilateral cooperation agreements with the U.S.

Tensions between Moscow and Washington reached a new high in December after the approval of a U.S. law targeting Russian human rights violators. The Kremlin retaliated by banning U.S. adoptions of Russian children.

Putin’s bill doesn’t ban officials from owning real estate abroad, but obliges them to include it in their income declarations, which are made public.

Sergei Zheleznyak, a deputy speaker of the lower house of parliament and a member of the main Kremlin party, the United Russia, told reporters Tuesday that the new bill “answers the public demands.”

Last fall, lawmakers in the State Duma gave a tentative approval to a similar bill, which will now be merged with Putin’s initiative. The Duma hasn’t yet set a date for considering the new bill, but it’s expected to be approved quickly.

Once it becomes law, Russia’s top officials will have three months to close their foreign bank accounts and sell their foreign stock.

Copyright The Associated Press

Comments are closed.

Yahoo! Status Checker by Techya