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New rules for returning materiel to defrauded equity holders introduced in Russia

New rules for returning materiel to defrauded equity holders introduced in Russia
Photo: pixabay.com

New rules for returning materiel to defrauded equity holders have been approved in Russia. They will be able to reuse funds without going to courts.

The relevant decree signed by the head of the Russian government Mikhail Mishustin. The press service of the Cabinet of Ministers explained that we are talking about those citizens who invested maternity capital in the construction of housing, but due to the bankruptcy of the developers received monetary compensation. Previously, such equity holders were forced to return them to the Pension Fund. The right to reuse this money arose only when applying to the courts.

Matkapital allowed to send to escrow accounts in February. Previously, maternity capital could only be sent to a regular account.

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