Bill on a Large-Scale Amnesty of Capital Has Been Submitted to Russian State Duma
OREANDA-NEWS The Russian government has proposed to the State Duma to approve a bill on the fourth stage of the capital amnesty. The document refers to the voluntary declaration of property and bank accounts and the protection of property rights of persons. The novelty is that in the new stage it is possible to declare not only assets, but also money and financial assets. In the new amnesty document, an appropriate concept will appear, which will allow legalizing various financial instruments.
If the bill is adopted, it will be possible to declare not only securities, such as stocks and bonds, but also other derivative financial instruments - futures contracts, options and others.
To do this, the concept of "financial assets" is introduced, which will allow legalizing not only stocks or bonds, but also financial derivatives. It will also be possible to declare money.
The bill appeared in the database of documents of the State Duma. This stage of the capital amnesty should be the fourth in the history of Russia.
The day before, Russian Prime Minister Mikhail Mishustin said that the new, fourth stage of the capital amnesty will be the largest. The action, according to him, is necessary "in conditions of increasing pressure abroad, where a hunt for Russian assets has been announced."
At the end of February, Finance Minister Anton Siluanov announced that the capital amnesty should support the domestic economy. The decision was made against the background of the introduction of major restrictive measures against Russia.
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