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MOSCOW, August 1 (Itar-Tass) —— A draft law forbidding public servants as well as security, defence and law enforcement officials to have assets and real estate abroad has been submitted to the State Duma.
Penalties for violation can be as high as 10 million roubles in fine and up to 5 years in prison.
The draft law was authored by Vyacheslav Lysakov and Valery Trapeznikov of the United Russia party, Andrei Luogoi of the Liberal Democratic Party, Alexander Ageyev of Just Russia, and Oleg Denisenko of the Communist Party.
Lysakov, who is deputy chairman of the Duma Committee on Constitutional Legislation and State Development, told Itar-Tass that this initiative “forbids all public servants, starting at the municipal level, including security, defence and law enforcement officials, State Duma and Federation Council members, to open bank accounts and own property and securities outside the Russian Federation”.
He stressed that this is “the position of principle of the All-Russia People’s Front”.