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.