Mon, 8 September
25.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Putin proposes ban on foreign accounts for officials

YEREVAN, February 12. /ARKA/. Russia’s President Vladimir Putin has sent to the State Duma a bill proposing to ban senior officials and their relatives from having accounts in foreign banks and holding securities issued by foreign bodies, The Moscow News reports.

The text of the bill was published on the legislative activity portal of the lower parliament chamber on Tuesday.

The ban should apply to members of federal and regional parliaments and governments, board members of the Central Bank, judges, officials working in government-run companies and foundations, as well as other officials appointed by the president, government or prosecutor general, the bill said.

It will also apply to officials’ spouses and children, but it will not affect diplomats, it said.

After the bill becomes effective, officials will have to choose between closing their accounts and selling securities within three months or a voluntary or forced resignation.

Normally, a bill becomes effective one month from its official publication after it is passed in three readings by the Duma, endorsed by the Federation Council, the upper parliament chamber, and signed into law by the president.—0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Freedom Broker Armenia ranks as one of the largest taxpayer in Armenia

Freedom Broker Armenia has been recognized as one of the largest taxpayers in the country, underscoring its leadership in the investment sector and commitment to sustainable business practices.

Armenia to receive 45.3 million euros from ADB to improve healthcare quality

Armenia will receive 45.3 million euros from the Asian Development Bank (ADB) to improve healthcare quality, said First Deputy Minister of Health of the Republic of Armenia Lena Nanushyan during a meeting of the parliamentary standing committee on financial, credit and budgetary issues.

ACBA Federation promotes rural tourism in Armenia: the success story of Manana guest house (video)

Four years prior, Astghik Ghazaryan, a professional educator, established the Manana guest house in her hometown of Marmarik.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

LATEST NEWS

spot_imgspot_imgspot_img