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FINES FOR ILLEGAL CURRENCY TRANSACTIONS MAY BE REDUCED

The Ministry of Finance has prepared a draft law providing for a significant reduction in fines for a number of financial offenses. The initiative is connected with the sanctions imposed on Russia and the resulting difficulties for entrepreneurship. It is assumed that the foreseen financial liability for companies may be reduced threefold. The bill is already under consideration of the government. The position of the Ministry of Finance is that in the current sanctions situation, the adoption of the proposed measures should serve to mitigate ...

Russia is to introduce fines for incomplete information about goods

This summer, it is planned to consider a draft law amending the Code of Administrative Offenses. The document provides for the introduction of new fines for businesses for providing incorrect information about a product or its distortion. We are talking about working with the National System of traceability of goods. Commenting on the legislative intentions, the Ministry of Finance explained that under the new rule, the punishment can occur if false or incomplete information is provided, as well as if details are distorted, Izvestia reports . The introduced liability will affect companies that are operators ...

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