The state Duma will prohibit state support of companies in the offshore

The state Duma will prohibit state support of companies in the offshore


In the Budget code will be amended, prepared in accordance with the instructions of the President, the prohibition on granting state support to companies based in offshore jurisdictions, said the first Vice-speaker of the state Duma Alexander Zhukov.

MOSCOW, 19 Jan. The state Duma will accept in the spring session the law on the prohibition of state support to companies based in offshore jurisdictions, said the first Vice-speaker of the state Duma Alexander Zhukov.

The state Duma in December adopted in the first reading a government bill to ban state support of the RF foreign legal persons. The document establishes a ban on the provision of state support in the form of grants and budgetary investments from the budget system of the Russian Federation, and also in the form of state (municipal) guarantees to foreign legal entities, including offshore companies.

“In the Budget code will be amended, prepared in accordance with the instructions of the President, the prohibition on granting state support to companies based in offshore jurisdictions,” said Zhukov at the plenary meeting, reporting the approximate program of legislative work of the state Duma in the spring session.

In addition, the law is passed, which will keep the data of Russian banks.

“The Federal law “About banks and Bank activity” changes will be made to ensure the integrity of created electronic documents of credit institutions, which will reduce the likelihood of loss of information due to reflection of credit institutions in electronic databases in electronic media and their backup copies”, — said Zhukov