"The bill on the fourth stage of the capital amnesty has already been submitted by the government to the State Duma - today it is planned to be adopted in the first reading and as a whole. The new campaign of "forgiveness" of assets withdrawn from Russia will last from March 14, 2022 to February 28, 2023 - now physical persons will also be able to legalize cash and various financial instruments. Kommersant reports: "Lawyers say that with the increased risks for Russian assets abroad, the amnesty may be in demand, but they warn that it could become very difficult for individuals caught up in sanctions if, for example, their foreign accounts are frozen.
The deputies were mostly concerned about how realistic it would be to transfer funds in the face of sanctions. Despite the fact that the Deputy Minister of Finance Alexei Sazanov assured that there should not be any difficulties, the lawyers have a more cautious position. According to Mikhail Begunov, the managing partner of Tax Compliance, the individuals under the sanctions may encounter them [difficulties], for example, if their assets are frozen. He does not see any risks due to Russian currency restrictions, as they are aimed at the export of capital.
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