Income declarations of Putin, his administration to be released in April – Peskov

(Interfax – MOSCOW. April 9, 2013) Income declarations of Russian President Vladimir Putin and officials of his administration will be released in mid April in line with previous plans.

“Formally (in accordance with the president’s decrees from April 2) we don’t have to do it in April. But income declarations have already been submitted to the administration and nothing prevents us from releasing them within the previously announced timeline,” Putin’s press secretary Dmitry Peskov told Interfax.

As to declaring expenses, which state officials have to report now as well, they are to be declared by July 1 in accordance with the current law, Peskov said.

On April 2, Putin signed two decrees stipulating that state officials as well as employees of state corporations, state-owned companies, Central Bank, Pension Fund, Federal Compulsory Medical Insurance Fund, Social Insurance Fund as well as spouses and children of relevant officials and executives have to declare not only their income but expenses as well.

Thus, relevant officials, executives and their families will have to declare foreign state securities, bonds and shares of other foreign issuers and estate abroad and to report the source of purchases.

A decree prolonged the timeline to submit declarations for three months, until July 1, 2013, due to the introduction of additional demands and expansion of the range of filers.

Peskov failed to say whether Putin would declare his expenses. “In accordance with the law, he will have to do this if he made purchases exceeding in total his family’s 3-year income last year,” Peskov said.

Peskov has said that the Kremlin usually released declarations simultaneously with the government.

“Everything will be done in accordance with the law,” press secretary of Russian Prime Minister Dmitry Medvedev, Natalia Timakova, said in late March.