The richest Senator Valery Ponomarev earned 2.6 billion rubles.

The top five

On Friday, April 14, members of the Federation Council is the upper house of Parliament reports of their income and assets for 2016. The richest Senator in 2016 was Valery Ponomarev, the representative of the Kamchatka Peninsula, the income of which amounted to 2.6 billion rubles the year before he earned 2.5 times less is 1 billion rubles Spouse Ponomarev declared 32.7 million rubles of net income. The Senator also owns three apartments with a total area of 505 sqm, four Parking lots (one owned by his wife), three non-residential premises and four cars — a Bentley Arnage, Porsche Cayenne, Ferrari and GAZ-21. According to Forbes, Senator Ponomarev is a co-owner of “Okeanrybflot”, one of the largest fishing enterprises of the Kamchatka Peninsula, and the shareholder of Interprombank.

On the second place by revenues in the Federation Council Senator from the Tambov region Alexander Babakov who in 2016 has earned 318 million RUB His spouse has declared an annual income of 1,5 thousand rbl. According to the Declaration, Babakov and his wife do not own living space, they have in use is one apartment with an area of 69,3 sq. m. of vehicles at the Senator not. Before that, in 2013, Babakov became involved in the investigation of Alexei Navalny, when he found his estate with an area of 10.9 hectares in France. Navalny called Babakov, who was then the Deputy of the state Duma, “the poorest member of the”: in 2011, according to the Declaration, earned only 1.9 million rubles.

On the third place by revenue last year among the senators — the representative from the Kursk region Vitaly Bogdanov. He is the owner of CJSC “Multimedia holding”, which includes radio station “Nashe radio, Best FM, Rock FM” and “Radio Jazz”, as well as several agencies and channel “Our TV”. Annual income Bogdanov amounted to 222,9 million rubles.

In fourth place — another Senator from Kamchatka Boris Nevzorov, who earned of 173.7 million rubles. Fifth place was taken by a member of the Federation Council of the Tula region Dmitry Savelyev, his income in 2016 reached 163 million rubles.

The poorest became the Senator from Karachay-Cherkessia Rauf Arashukov that in 2016, earned 1.6 million rubles His wife in 2016, according to the Declaration, has earned 308 RUB Arashukova owned farmland area of 4.5 thousand square meters and three houses with a total area of 1478 square meters.

The income management

The speaker of the Federation Council Valentina Matviyenko earned in 2016 22.8 million rubles to 1.8 million rubles more than last year. Her husband, Vladimir Matviyenko, in 2016, received a 17 million rubles, Mironov has declared three land plots with a total area of 10.4 thousand square meters of dwelling house, farm premises and a cottage. Her husband owns 1 and 2/3 of the apartment, one Parking place and a service country.

Among the heads of the committees of the Federation Council of the richest was the Chairman of the Committee on economic policy, Senator of the Yamalo-Nenets district Yury Neyelov. His income last year amounted to 15.4 million rubles. He also owns five land plots, three houses, one uninhabited house, car, apartment, Mitsubishi, boat and motor boat.

The least among the heads of the committees in 2016, earned the Chairman of the Committee on international Affairs Konstantin Kosachev. His income reached 4.7 million rubles (100 thousand rubles less than in 2015). His wife declared 2,5 million rubles of income for the year. Spouses also owns a residential house, land, car, house, outhouse, Volvo and Mercedes-Benz, as well as the motorcycle “Ural”.

What can and can’t own officials
Than own bureaucrats, and what — not, defined in the law in 2013, which forbade them to open accounts, store cash and values in foreign banks, and to own and use “foreign financial instruments”. While owning real estate abroad is not prohibited, but officials, deputies and senators are obliged to declare. Initiatives to extend the ban on foreign real estate was (in 2014 this bill was prepared by the Deputy-Communist Valery Rashkin, in 2015, the Parliament of the Jewish Autonomous region), but they were not on the relevant Committee of the state Duma.

The phrase “foreign financial instruments” which also cannot be own civil servants, remained legally uncertain until the end of 2016, and it leaves loopholes for the legal preservation of some officials of foreign assets. Now the concept of “foreign financial instruments” revised: is any securities non-residents shares or shares in foreign companies; concluded with the foreign loan agreements or credit agreements; derivative financial instruments, where one of the parties to the transaction is a foreign entity or structure. In addition, in the “foreign financial instruments”, which can’t use the officials included trust management of their assets abroad. The law also prohibited to own shares in “foreign structures without formation of legal person” is a concept taken from the Tax code and refers to foreign trusts and foundations.

The law, specified the concept of “foreign financial instruments”, was signed by President Vladimir Putin in the end of December 2016, but will come into force by mid-2017 — civil servants have the time to get rid of prohibited assets.