Russian officials won't be able to buy property in Europe

March 25, 2014

Russian officials won't be able to buy property in Europe

Yevgeny Fyodorov, State Duma deputy from the United Russia, initiated a consideration of the bill, which prohibits officials to own a property abroad, writes ee24.com citing Izvestia.

The new measure would reduce Russia's dependence on the West and will help to minimize the consequences of various sanctions. Western countries will lose another opportunity to advance their interests "through blackmail." Moreover, this solution will help to return the money into the Russian economy.

The idea is not new, and many politicians have long been talking about the need for the ban. Thus, the president's press secretary, Dmitry Peskov, a year ago said that officials should not own a property abroad. Number of these officials is estimated at one thousand people, and more than half of them have housing in neighboring countries. Representatives of the state apparatus often buy property in Turkey, Bulgaria and Spain.