Putin: “We Need to Confiscate Property Obtained Illegally”

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Translated by Ollie Richardson for Fort Russ

26th January, 2016


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In order to reduce the level of corruption, it is necessary to seize the property and assets obtained by unlawful means. This statement was made by President of Russia Vladimir Putin at a meeting of the anti-corruption Council, reported RIA Novosti.

“Let me reiterate: the responsibility for reducing the level of corruption in the territories lies with the heads of subjects of the Federation. They need to improve and this anti-corruption mechanism, the withholding and the appeal to the state property purchased with illegal or dubious money, including taking into account international legal norms, should return the assets illegally or unlawfully in other jurisdictions,” – said the Russian leader.

According to him, one of the priorities is to increase “the effectiveness of law enforcement in the anti-corruption sphere”. “It is necessary to improve the operation of structures that control the expenditure of budgetary funds, it is important at an early stage to identify the personal interest of those who dispose of the budget by unfair means, hiding the facts using bogus companies or affiliates, to eliminate the conflict of interests”, – stressed the head of state.

Putin also spoke about the data of polls, according to which citizens positively assessed the work on counter-terrorism being carried out at the Federal level.

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