Foreign accounts for officials banned in Russia

On Tuesday, May 7, 2013 Russian President Vladimir Putin signed into law a bill that prohibits Russian officials from keeping their money in foreign banks, but allows them to own property abroad, RIA Novosti reports.

The regulation concerns members of the federal and regional governments, parliamentary speakers and committee heads, federal judges, heads of state-run corporations, regional governors, heads of municipalities and other senior officials, including the prosecutor general, the head of the Investigative Committee and the president himself.

Adapted from: Vestnik Kavkaza