Banks seek removal from bill on compliance with sanctions

MOSCOW, May 30 (PRIME) -- The Association of Banks of Russia will suggest the State Duma, the parliament’s lower house, remove the financial sector from the bill on liability for compliance with anti-Russian sanctions, Anatoly Aksakov, chairman of the association’s council and head of the State Duma’s committee for financial market, said on Wednesday.

“There are proposals about banks, but they are also for discussion, even if some decisions are made about liability, they should not concern the financial sphere, because it is the most sensitive to all these decisions. But this is such a debating moment,” he said.

“What we’ve agreed about? To remove business from the bill… All this will be sent to the State Duma. I think that already tomorrow,” he added.

The association will offer the State Duma to consider business’ liability for non-compliance with Russia’s countersanctions in a separate bill, Aksakov also said.

“We could consider introducing punishment for non-compliance with Russia’s retaliatory measures: liability for non-compliance of Russia’s sanctions measures against those countries, which introduced sanctions against Russia,” he said.

Aksakov also said that the association will offer the lower house to strengthen liability for calls to introduce sanctions against Russia.

State Duma Speaker Vyacheslav Volodin that the lower house plans to finalize work on the bill on liability for compliance with anti-Russian sanctions by the end of spring session.

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