State Duma might pass bill banning officials from having foreign accounts by April

The Russian State Duma's security and anti-corruption committee will suggest holding the first reading of the presidential bill to ban official from having foreign bank accounts on Feb. 22, the committee's head, Irina Yarovaya said on Wednesday.

"There are no obstacles to passing the bill quickly," Yarovaya said.

Yarovaya said she expected the State Duma to pass the bill in its third reading in a month, by the end of March.

Yarovaya said that the committee was scheduled to discuss the bill concept next week and to pass it to the lower house of the parliament for the first reading.

"We are entering a field of special control," Yarovaya said. Control will be applied to those who currently make important political decisions related to national security, she said.

Yarovaya said that the bill would be considered with a bill introduced previously to the State Duma by deputies, which is also related to control of the accounts and property of officials.

Yarovaya said that checking accounts and property of officials, deputies, and senators could be initiated by the Central Bank and lending organizations, which is one of innovations in the presidential bill.

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