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MOSCOW, February 23 (Itar-Tass) – Russia’s State Duma on Friday approved in the first reading of a package of bills prohibiting senior officials and legislators from having accounts in foreign banks and owning securities of foreign issuers.
President Vladimir Putin submitted this initiative to the lower house of parliament on February 12.
The bills were approved unanimously by 442 votes.
All such accounts must be closed within a three-month deadline.
A violation of this ban will be a reason enough for the early termination of powers of Federation Council and State Duma members, federal judges and regional legislators and for the dismissal of civil servants from office due to the loss of credibility.