Support The Moscow Times!

Putin Considers Travel Bans for Suspected Corrupt Bankers

Russian bankers suspected of theft or embezzlement could lose the right to travel abroad, the Interfax news agency reported Tuesday.

Russian President Vladimir Putin agreed to look into potential travel restrictions which were proposed by the head of Russia's Central Bank, Elvira Nabiullina.

Nabiullina claimed that the downfall of banks is often caused by criminal acts rather than economic instability.

“There are occasions when they [bankers] steal. Some have taken money from the people of Russia and we can't trace it, as it's all 'off the books,''' she said

Nabiullina said that while many criminals flee abroad, “only in Russia can we be sure that they will be punished.”

Putin agreed that it would be better not to let them [bankers] go,” Interfax reported.

Bankers would not be the only Russians to face travel bans. Under Russian legislation, anyone with more than 10,000 rubles ($156) in unpaid bank charges, alimony, community service payments, fines or taxes is barred from leaving the country if a creditor makes a claim in court.


Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more