04 March 2016 Russian Duma passes loan repatriation bill in first reading At the end of January 2016, the Russian Duma passed the following draft laws in their first reading: (i) Amendment of the Currency Control Law with regard to extension of the repatriation requirement to loans, and to Article 15.25 of the Administrative Offenses Code (the Loan Repatriation Bill); and (ii) Increase in the limitation period for the imposition of administrative sanctions. At the time of publication, a draft law prescribing criminal sanctions for failure to repatriate loans is at the public discussion stage. The public discussion process is due to end on March 21. Document ID: 2016-0445 |
