Keep your cash in the country: New law means Russia’s most important officials will be banned from having foreign bank accounts

Members of Russia's Security

Members of Russia’s Security Council will be forbidden from keeping their money and valuables in banks outside of Russia, after the country’s parliament passed a law restricting financial freedoms for the most powerful officials.

The bill, which passed through parliament on Tuesday, will bring the law in line with the new constitutional reforms. In July, Russian voters approved a wide-ranging package of amendments to the constitution, including a restriction on high-level officials having foreign citizenship or residency.

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