Support The Moscow Times!

Russian Bailiffs Seize $85 Bln in 2016

Denis Abramov / Vedomosti

Russia's Federal Bailiff Service (FBS) was tasked with seizing 9 trillion rubles ($153 billon) in 2016, mostly from indebted Russians.

The figure is up by almost 20 percent compared to 2015, the FBS said in a report Monday.

The agency was able to close some 70.2 million cases, 88 percent of which involved private citizens. The bailiffs were able to recover just more than 5 trillion rubles ($85 billion) overall.

Most cases involved debtors who owned money to Russians to banks and credit agencies, adding up to 2.2 trillion rubles overall ($37 billion). Drivers who had run up debt on unpaid traffic tickets also made up a large chunk of the bailiffs' work, with officials seizing  31.5 million rubles ($535,000) over the past 12 months.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.