The Kremlin has promised to eliminate “unnecessary stressors” from the act on the punishment of sanctions

The Kremlin has promised to eliminate “unnecessary stressors” from the act on the punishment of sanctions

President Vladimir Putin called for a mitigation of the bill on the punishment of sanctions, said the press Secretary of the head of state, Dmitry Peskov.

“The decision was made, therefore, to exclude the concerns of companies operating in our market, investors who are interested in our market”, — said Peskov.

Previously, “Interfax” and “RIA Novosti” reported that Putin discussed the bill with the heads of foreign companies at St. Petersburg international economic forum. According to the meeting participants, Putin promised that the bill will be finalized, and foreign investors will not suffer for compliance with anti-Russian sanctions.

How exactly will finalize the bill, Peskov did not say: “As the technologically that is done will be explained later.” “But the principle is that this bill should not introduce unnecessary constraints and irritants to investors,” — said Peskov.

The bill on criminal punishment for following the sanctions was passed by the state Duma in the first reading. It provides for prison sentences of up to four years and a fine of up to 600,000 rubles for the execution of sanctions against Russia (for example, for refusing to work with sanctioned companies) and up to three years and half a million rubles — for the actions that led to the introduction of new sanctions (e.g. transfer information).

After criticism of the document on the part of big business, the deputies moved the second reading and agreed to further discuss the bill. According to the past in the state Duma meeting with the participation of experts and business representatives in the bill, it is expedient to keep the criminal responsibility for public calls for new sanctions.

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