Russia's parliament is set to fast-track legislation that would block exiled individuals from accessing online banking, real estate services, and consular support.
Key facts
- •The bill targets individuals convicted of discrediting the military, separatism, or being labeled foreign agents.
- •Frozen funds may be used to pay legal costs or support family members remaining in Russia.
- •The legislation follows a separate law signed last month allowing the confiscation of assets from Russians accused of acting against the country's interests.
- •The second reading of the bill is scheduled for Wednesday.
- •The law would take effect immediately upon being signed by President Vladimir Putin.
Russia’s State Duma is expected to fast-track an expanded bill that would restrict exiled Russians from using online banking, conducting real estate transactions, and accessing consular services. The legislation targets individuals convicted in absentia of discrediting the military, participating in undesirable organizations, or being designated as foreign agents.
Scope of Proposed Restrictions
Under the proposed measures, banks would be prohibited from providing mobile app or online banking access to targeted individuals. Furthermore, these individuals would be blocked from completing real estate transactions. While funds would remain frozen, courts could authorize the seizure of money to cover legal costs, damages, or defamation lawsuits, or to support family members residing in Russia.
Legislative Timeline
The State Duma passed a milder version of the bill in its first reading last December. The second reading is scheduled for Wednesday, with the final session of the current convocation set for next Monday. If the bill passes the Federation Council and is signed by President Vladimir Putin, it will take effect immediately.
Timeline
- Last DecemberThe State Duma passed a milder version of the bill in its first reading.
- Sept. 1A separate law allowing the confiscation of property from Russians living abroad took effect.
- WednesdayThe second reading of the new bill is scheduled to take place.
- ThursdayThe State Duma holds its final full working session.
- Next MondayThe current convocation of the State Duma winds down.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by The Moscow Times.
