Translated material
State-owned companies were allowed not to disclose information on procurement of financial services
Due to the threat of sanctions, the Russian government has released state-owned companies from the obligation to publish information on purchases of financial services: banking, insurance, leasing and subleasing, loans and guarantees, Vedomosti writes. In the first half of 2017, state-owned companies purchased financial services worth 1 trillion rubles, which is 11% of their order, the newspaper notes.
The order of Prime Minister Dmitry Medvedev will be valid until July 1. If a company takes out a loan from a bank that is on the sanctions list, it risks being included in it; it is better not to publish such information, the purchasing director of a large state-owned company explained to the publication. VEB, Sberbank, Gazprombank, Rosselkhozbank, Bank of Moscow, VTB, Bank Rossiya are under sanctions.
Previously, the government exempted state-owned companies from the obligation to publish information about their contractors in some cases. Also, until July 1, all purchases by the Ministry of Defense of the Russian Federation, the FSB and the Foreign Intelligence Service are being carried out behind closed doors.
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