All news

Medvedev demands law on harsher sanctions against fly-by-night firms

Shuvalov said the government had submitted the law to the State Duma several times but it had been put off continuously

GORKI, October 12 (Itar-Tass) —— President Dmitry Medvedev called for adopting a law that would envisage harsher sanctions for fly-by-night firms and said he would personally watch the issue.

At a meeting with First Deputy Prime Minister Igor Shuvalov on Wednesday, October 12, Medvedev demanded to know the reasons for a delay in the adoption of the law.

Shuvalov said the government had submitted the law to the State Duma several times but it had been put off continuously.

“That’s very bad. Everyone is below the mark,” Medvedev said. “Our colleagues [from the State Duma] did no work, and that’s wrong, but the government should have been persistent.”

“The country is sustaining big losses from this,” he added.

“The law must be adopted as soon as possible. I will personally watch the issue,” the president said.