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Draft Federal Law On Amending Individual Legislative Acts of the Russian Federation on Countering Corruption was prepared in fulfillment of decisions by the Presidential Council for Countering Corruption of October 30, 2013.

The amendments are intended to improve the efforts of federal government agencies to counter corruption; the draft law proposes adding these amendments to several federal laws and the Arbitration Procedural Code of the Russian Federation.

In particular, the amendments stipulate the following:

- extending the ban on opening and holding accounts, maintaining cash and valuables in foreign banks located beyond the territory of the Russian Federation, and owning or using foreign financial instruments, to civil servants participating in the preparation of decisions that affect issues of the Russian Federation’s sovereignty and national security;

- establishing requirements for submitting data on expenditures for individuals holding positions indicated on corresponding lists, as well as expenditures by their spouses and underage children, in the event that the total sum of the transactions to acquire real estate, vehicles, securities and stocks (participation shares and equity in registered capital organisations) conducted during a fiscal period is higher than the overall income of that individual and his/her spouse in the three years preceding the fiscal period;

- submitting information on income, property and liabilities by individuals applying to hold any civil service position.