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MOSCOW, July 23 (Itar-Tass) -- President Vladimir Putin has signed a law empowering the court bailiffs to deny the exit from Russia to other countries for the debtors whose outstanding debts exceed 10,000 rubles /USD 1=RUB 32.5/.
The full text of the law has been uploaded at the official news portal of legal information.
The restrictions on exiting the country can be imposed by bailiffs on their own initiative or upon request by the plaintiffs seeking the exaction of debts.
Also, the law empowers the bailiffs or the plaintiffs seeking the exaction to petition to courts for issuing a provisional demand for the debtors, whose outstanding liabilities exceed 10,000 rubles and who has failed to fulfill the demands for voluntary repayment on time.
The document qualifies as debtors all the individuals with outstanding liabilities on taxes and other mandatory payments, including apartment rent and/or penalties for encroachment on the road safety rules.
Under the previous provisions of law, a bailiff could restrict a debtor's exit out of the country regardless of the size of outstanding debt.