Thursday, July 11, 2013

Russia Allows Minor Debtors to Travel

The Federation Council on Wednesday approved a bill allowing debtors to travel abroad if their unsettled fines, taxes and other obligatory payments do not exceed 10,000 rubles ($304) in total. Previously, the legislation did not specify the sum of debt which could prevent people from traveling abroad. People could be stopped on the border even if their aggregate debts only amounted to a few hundred rubles. One of the bill's authors, Nadezhda Shkolkina (United Russia), said many debtors cannot travel abroad because of non-existent tax arrears and other payments. She also expressed hope that the Federal Bailiff Service would work fast to computerize the payment of debts exceeding 10,000 rubles.

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