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Business Ombudsman opposes restrictions on travelling abroad for Russian bankers

Earlier the head of Russia’s Central Bank Elvira Nabiullina said at the meeting with President Vladimir Putin that the regulator may ban bad faith bankers from travelling abroad

MOSCOW, September 16. /TASS/. Russia’s Business Ombudsman Boris Titov opposes introduction of restrictions on travelling abroad for bankers

Speaking at a press-conference at TASS news agency he said:

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Russia’s Central Bank may ban bad faith bankers from travelling abroad

"I find it wrong to introduce (restrictive) measures related to border crossing I find wrong, even for those who potentially can be a bad faith banker. It has not been declared by the court. That is why I find measures related to border crossing inadmissible for anything. I think this should not exist at all."

On Tuesday, head of Russia’s Central Bank Elvira Nabiullina said at the meeting with President Vladimir Putin that the regulator may ban bad faith bankers from travelling abroad.

Currently, the Russian authorities use such a measure against debtors on utility bills or fines to road police, she said.

Under the current Russian legislation, citizens who have debts for the sum of more than 10,000 rubles on bank loans, arrears on utility bills, taxes, penalties are not allowed to leave the country.

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