Central Bank to hunt for Russian officials’ illegal foreign assets — RT Russian politics

Central Bank to hunt for Russian officials’ illegal foreign assets — RT Russian politics:



"The Russian president has charged the Central Bank and the government with the task of developing a working scheme allowing enforcement of the ban on civil servants’ and officials’ foreign assets through cooperation with foreign banks.



The presidential order was prepared after the United States, the EU and several other nations imposed sanctions on a group of Russian officials and top executives in state owned companies. According to the decree, the government and the Central Bank must find a way to receive information from foreign financial institutions or government instances, the Izvestia daily reported.



The newspaper’s unnamed source in the government has stressed that the main objective of the move was to uncover the civil servants who were dodging the ban on foreign assets as the sanctions make such people vulnerable to court action in in foreign jurisdictions, which is against the government’s desires."



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