🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Russia to curb income of 'foreign agents' and those who leave, lawmaker says

Published 11/07/2024, 01:14 AM
Updated 11/07/2024, 01:17 AM
© Reuters. FILE PHOTO: Russia's State Duma Speaker Vyacheslav Volodin attends a plenary session of the lower house of parliament in Moscow, Russia October 17, 2024. Russian State Duma/Handout via REUTERS/File Photo

By Guy Faulconbridge

MOSCOW (Reuters) - Russia plans to significantly tighten the rules governing the income received by those deemed "foreign agents" and of those who speak negatively about Russia after leaving the country, the speaker of the Russian parliament said on Thursday.

Russian law requires any person or organisation receiving support from outside Russia or who is under foreign influence to register as a "foreign agent", a label that has negative Soviet-era connotations and brings onerous bureaucratic requirements.

Russia says the law is less strict than the 1938 U.S. Foreign Agents Registration Act, though the Russian law has been applied to almost all of the leaders of the divided opposition and is considered by some dissidents to be a badge of honour.

Vyacheslav Volodin, the speaker of the lower house of the Russian parliament, said that the Duma was working on tightening the rules over copyright and intellectual rights payments to foreign agents by forcing them to use special rouble accounts for such payments.

The rules would cover all income from intellectual activity and brands, including works of science, literature and art, performances, broadcasting, inventions and trademarks.

"Those who destroy Russia by insulting its citizens, the participants of the special military operation, should not enrich themselves at the expense of our country," Volodin, who often floats Kremlin-backed initiatives, said on Telegram.

Russia officially presents the war in Ukraine as a "special military operation", though many Russian officials including President Vladimir Putin often call it a war too.

Volodin added that Russia was working on measures to tighten the rules over the income of those people not classed as foreign agents but who have left Russia and speak negatively about Russia.

A total of 881 people and organisations are listed as foreign agents by the Russian justice ministry, including former billionaire Mikhail Khodorkovsky, Nobel prize winner Dmitry Muratov and prominent YouTube blogger Yuri Dud.

Supporters of Putin say the foreign agent law is necessary to counter Western attempts to meddle in Russia's domestic affairs amid what Putin casts as a proxy war in Ukraine between Russia and the West.

© Reuters. FILE PHOTO: Russia's State Duma Speaker Vyacheslav Volodin attends a plenary session of the lower house of parliament in Moscow, Russia October 17, 2024. Russian State Duma/Handout via REUTERS/File Photo

Russian officials say that the pro-Western cultural elite which grew up after the 1991 fall of the Soviet Union is being cleared out and replaced by patriotic singers, writers and artists who will ensure Russia remains sovereign.

Opponents of Putin say the law is part of an intricate system of repression which has turned Russia into a brittle authoritarian state in which legendary Russian artistic and scientific creativity is stifled.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.