Putin has forbidden officials to own foreign assets through third parties – RBC

President Vladimir Putin signed a law that prohibits the possession of deputies, officials and security forces, “foreign financial instruments” through a third party. the Corresponding document was published on the official Internet portal of legal information (.pdf).

thus, the document clarifies the definition of “foreign financial instruments” (IPR), direct and indirect ownership of which is prohibited by the officials. In particular, foreign financial instruments recognized as securities and related financial instruments or foreign organizations and individuals, reports “RIA Novosti”. In addition, as ffis are shares, shares of the capital situated or registered abroad organizations.

the Document was developed pursuant to the National plan of counteraction of corruption and applies to all categories of citizens who are forbidden to have accounts abroad, noted in the explanatory Memorandum.