29 July 2014

Russia to Introduce term ‘Aggressor State’ to legislation

RIA Novosti: 29. July 2014


The State Duma, the lower house of the Russia's parliament

MOSCOW, July 29 (RIA Novosti) - Lawmakers in Russia’s State Duma are considering adding the notion of “aggressor country” to the country’s laws, Izvestia newspaper reported Tuesday.

According to Izvestia’s sources, an “aggressor country” will be defined as “a state introducing sanctions against the Russian Federation, Russian citizens and Russian legal entities.”

The amendments proposed by United Russia Evgeny Fedorov and Anton Romanov, both of United Russia, and the members of parliamentary union Deputy Sovereignty will be added into several federal laws including contract law and audit regulations.
“In order to protect the fundamentals of constitutional order, ensure the country’s defense and security and to protect the domestic market as well as the national economic development, the government of Russia will be given a right to approve a list of aggressor countries,” an explanatory note to the bill states.

According to the document, foreign legal entities and individuals registered in the "aggressor country" will be prohibited from providing audit and consultancy services in Russia.

Evgeniy Fedorov cited by Izvestia adds that: “All six major US audit and consulting companies working in Russia – and these are Deloitte, KPMG, Ernst & Young, PricewaterhouseCoopers, Boston Consulting Group and McKinsey – will be included in the list.”

The bill is expected to be sent for government review on Wednesday, July 30th 2014.


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