Media & Resources

Criminal responsibility is for debt loss of loans given to non-residents

DATE: September 23, 2016 | AUTHOR: atlawyers

Ministry of Finance is drafting legislation which will  introduce a criminal  offence of failing by a Russian lender to procure that its foreign debtor returns  the loan amount. The proposed provisions are to be included in Section 198 of the Criminal Code of the Russian Federation and the new offence will be punishable by fine amounting from 200 000 to  500 000 rubles or up to 3 years imprisonment.

Posted in News

Leave a Reply