New Russian draft law would include bank account details on public ‘foreign agents’ registry

The Russian Justice Ministry has published a draft resolution that would require individuals designated as “foreign agents” to disclose their bank account details in the public “foreign agent” registry.

In late December 2024, Vladimir Putin signed a law mandating that “foreign agents” deposit income from creative work, bank interest, corporate dividends, or the sale and rental of real estate and vehicles into special ruble-denominated bank accounts accounts. The law prohibits them from accessing these accounts until their “foreign agent” status is lifted.

“The law will prevent traitors from enriching themselves at the expense of our citizens and country. Money earned in Russia should not be used against it,” said State Duma Speaker Vyacheslav Volodin.