https://sputnikglobe.com/20230804/putin-signs-law-to-block-assets-of-blacklisted-foreigners-1112389058.html
Putin Signs Law to Block Assets of Blacklisted Foreigners
Putin Signs Law to Block Assets of Blacklisted Foreigners
Sputnik International
Russian President Vladimir Putin has signed a law on blocking the finances and property of foreigners who have fallen under Russia's restrictions.
2023-08-04T14:28+0000
2023-08-04T14:28+0000
2023-08-04T14:28+0000
vladimir putin
russian economy
russian economy under sanctions
russian response
russia
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The document was published on the official legal information portal on Friday. It specifies which individuals and entities will experience restrictions: foreign states, organizations and citizens, persons without citizenship, including legal entities controlled by them which are those companies where more than 50% of votes in the supreme governing body are possessed by them, including jointly by several blocked persons.All financial organizations will have to block operations with their money and property - under the threat of Central Bank measures, up to and including license revocation.Even bookmakers and totalizators will not be allowed to work with the "black list" - neither to accept bets nor to pay out winnings. The law will come into force in six months.
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russian economy, vladimir putin, russia's restrictions, russia's sanctions, russia's response, finances in russia, foreigners under restrictions, black list
russian economy, vladimir putin, russia's restrictions, russia's sanctions, russia's response, finances in russia, foreigners under restrictions, black list
Putin Signs Law to Block Assets of Blacklisted Foreigners
MOSCOW (Sputnik) - Russian President Vladimir Putin has signed a law on blocking the finances and property of foreigners who have fallen under Russia's restrictions.
The document was published on the official legal information portal on Friday. It specifies which individuals and entities will
experience restrictions: foreign states, organizations and citizens, persons without citizenship, including legal entities controlled by them which are those companies where more than 50% of votes in the supreme governing body are possessed by them, including jointly by several blocked persons.
All financial organizations will have to block operations with their money and property - under the threat of Central Bank measures, up to and including license revocation.
Even bookmakers and totalizators will not be allowed to work with the "black list" - neither to accept bets nor to pay out winnings. The law will come into force in six months.
