×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Deadline for Officials to Disclose Foreign Assets Passes

The three-month period provided for state and municipal officials to get rid of their assets abroad expired Monday, with no officials displaying a desire to resign their positions at the last moment.

Resignation requests may be submitted later, head of the State Duma committee on regulations Sergei Popov told RIA-Novosti. Popov said his committee does not know how many legislators had foreign bank accounts, noting that deputies determine for themselves how to deal with their affairs.

Fifteen deputies have voluntarily reported having accounts in foreign banks, Communist Party Deputy Vladimir Pozdnyakov said.

Several legislators have already given up their posts in order to focus on their businesses.

A law obliging high ranking officials to close their foreign bank accounts and liquidate their foreign assets came into force on May 19 and legislators were given three months to comply.

The ban effects a host of government officials including Duma deputies, regional leaders, investigators, the heads of state-owned corporations and their families.

Pozdnyakov said that starting Monday representatives of the media, the Public Chamber, law enforcement and political parties will be able to make official inquiries if a deputy is expected of keeping foreign bank accounts or property.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more