The government proposes to ban banks from providing data to unfriendly countries

The government of the Russian Federation submitted to the State Duma a draft law “On measures of influence (counteraction) on unfriendly actions of the United States and other foreign states.” If adopted, banks will be prohibited from providing data on customers and their transactions to the authorities of foreign countries. The explanatory note says that the document was drawn up to protect against receiving confidential information constituting bank secrecy by unfriendly countries.

Recall that Russia has compiled a list of unfriendly countries, it includes the United States and the Czech Republic.

“The bill was developed in order to minimize the risks associated with the adoption by unfriendly states of amendments to national legislative acts aimed at obtaining confidential information constituting bank secrets from foreign banks under the threat of penalties,” the document says. foreign states requested by such bodies information about clients and their operations, except for the cases established by the regulatory legal acts of the Russian Federation ”.

Yesterday, June 14, Prime Minister Mikhail Mishustin ordered to submit to the State Duma a draft law “On Amending the Federal Law“ On Measures of Influence (Counteraction) on Unfriendly Actions of the United States of America and Other Foreign States ”.

The list of unfriendly countries appeared after accusations by the Czech Republic of Moscow’s involvement in an explosion at an ammunition depot in Vrbetica in 2014.

About the reaction of the European Union to the compilation of the list – in the material “b” “Prague at the gates”.

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