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RUSSIA TO BAN GOVERNMENT CONTRACTS FOR OFFSHORE-REGISTERED COMPANIES -- MEDVEDEV
Economy
December 25, 18:08 UTC+3
The draft law envisions that government and municipal contracts will
be banned from winning by the companies located or registered in
offshore jurisdictions, Prime Minister Dmitry Medvedev says
Russian Prime Minister Dmitry Medvedev
(c) EPA/DMITRY ASTAKHOV/RIA NOVOSTI/GOVERNMENT PRESS SERVICE POOL
(c) ITAR-TASS/Pavel Smertin
Russia's budget lost at least $20 billion on offshore deals in 2013
-- lawmaker
MOSCOW, December 25. /TASS/. Russia's government plans to ban
government contracts for offshore-registered companies, Prime Minister
Dmitry Medvedev said at a cabinet meeting on Thursday.
"There is a draft law amending the law on state and municipal
purchases," he said. "The document envisions that government and
municipal contracts will be banned from winning by the companies
located or registered in offshore jurisdictions."
"The commission will look into participants' compliance with the
requirements and if the presence of companies in these offshore zones
is discovered, the bids will be annulled," Medvedev said.
The prime minister noted that "the government has no intention to
pay for these goods and services."
"If business wants to gain profit participating in the system of
government purchases (the rest is out of the state regulation),
then it should register in the Russian jurisdiction," he said.
http://itar-tass.com/en/economy/769227
From: Baghdasarian
Economy
December 25, 18:08 UTC+3
The draft law envisions that government and municipal contracts will
be banned from winning by the companies located or registered in
offshore jurisdictions, Prime Minister Dmitry Medvedev says
Russian Prime Minister Dmitry Medvedev
(c) EPA/DMITRY ASTAKHOV/RIA NOVOSTI/GOVERNMENT PRESS SERVICE POOL
(c) ITAR-TASS/Pavel Smertin
Russia's budget lost at least $20 billion on offshore deals in 2013
-- lawmaker
MOSCOW, December 25. /TASS/. Russia's government plans to ban
government contracts for offshore-registered companies, Prime Minister
Dmitry Medvedev said at a cabinet meeting on Thursday.
"There is a draft law amending the law on state and municipal
purchases," he said. "The document envisions that government and
municipal contracts will be banned from winning by the companies
located or registered in offshore jurisdictions."
"The commission will look into participants' compliance with the
requirements and if the presence of companies in these offshore zones
is discovered, the bids will be annulled," Medvedev said.
The prime minister noted that "the government has no intention to
pay for these goods and services."
"If business wants to gain profit participating in the system of
government purchases (the rest is out of the state regulation),
then it should register in the Russian jurisdiction," he said.
http://itar-tass.com/en/economy/769227
From: Baghdasarian