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Putin signs laws banning some individuals from having foreign bank accounts

May 08, 2013, 23:30 UTC+3
The laws also amend certain legislative acts following the adoption of the Federal Law “On Banning Certain Categories of Individuals from Opening and Operating Accounts...
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MOSCOW, May 8 (Itar-Tass) - President Vladimir Putin signed several federal laws prohibiting certain categories of individuals from opening and operating accounts (deposits), keeping money and valuables in foreign banks located outside Russia, and owning and (or) using foreign financial instruments.

The laws also amend certain legislative acts following the adoption of the Federal Law “On Banning Certain Categories of Individuals from Opening and Operating Accounts (Deposits), Keeping Money and Valuables in Foreign Banks Located outside Russian Federation Territory, and Owning and (or) Using Foreign Financial Instruments, and Federal Constitutional Law ‘On Amendments to Article 11 of the Federal Constitutional Law ‘On the Government of the Russian Federation’’,” the presidential press service said on Wednesday, May 8.

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