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Russian State Officials' Assets Abroad
On Dec. 12, 2012, during the annual Presidential Address to the Federal Assembly, Russian President Vladimir Putin proposed reducing public corruption by establishing various methods of control over the actions of public officials. “Address to the Federal Assembly,” President of Russia (Dec. 12, 2012), http://eng.kremlin.ru/news/4739. He questioned how the public could' have “confidence in an official or politician who says high-sounding words about the national good but at the same time tries to take his money and assets out of the country,” and he sought support for a legislative proposal limiting the rights of state officials and politicians to hold foreign accounts and foreign securities.
Putin advocated that this requirement apply to all officials who make key decisions: the top leaders of state and federal government, senior staff in the Presidential Executive Office, members of the Federation Council and State Duma deputies and their immediate families. He also made note of foreign real estate owned by state officials and said that it must be declared in accordance with the law, including a report on the value of the property and sources of the funds used to purchase it.
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