RSPP sees risks for relations with investors from friendly countries in case of criminal liability for enforcement of sanctions

© Interfax

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The Russian Union of Industrialists and Entrepreneurs (RSPP) has criticized the draft law On Changes to Article 201 of the Criminal Code of the Russian Federation submitted to the State Duma, which introduces criminal liability for enforcement of anti-Russian sanctions.

"The liability proposed in the bill and the forced termination of the operation of foreign companies in Russia will deprive the country of goods and services businesses and the population need. The RSPP is already receiving addresses from Russian companies on the intention of large foreign investors to wind up joint multi-million investment projects in Russia if the bill is adopted," the business association said.

If "secondary sanctions" are introduced, it will become impossible for Russian companies to have business with many foreign partners, including from some friendly countries such as China, the RSPP said.

"The creation of the said risks is deemed excessive in connection with a possible shortage of goods, an increase in the number of bankruptcies and, consequently, loss of jobs by the population," the union said.

Amendments to the Criminal Code on liability for the enforcement of anti-Russian sanctions on the territory of Russia were submitted to the State Duma this week. State Duma State-Building and Legislation Committee head Pavel Krasheninnikov, who authored the bill, in collaboration with a group of senators and deputies, told reporters the measure was proposed "to prevent the deterioration of the economic situation inside the country."

According to the initiative, a provision dealing with actions taken to enforce decisions of foreign states to introduce restrictive measures against Russia will be added to Part 2 of Article 201 of the Russian Criminal Code, entitled Abuse of Powers.

The enforcement of sanctions in Russia will be punishable by a fine in an amount of up to one million rubles, or the convict's income for a period of up to five years, or up to five years of correctional labor with a ban on working in certain positions for a period of up to three years.

This violation will also be punishable by up to ten years in prison with a ban on working in certain positions for a period of up to three years, Krasheninnikov said.