Millions Barred From Leaving Russia Due to Unpaid Debt

By News on the Net The Moscow Times —— Bio and Archives July 6, 2015

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More than 6 million Russians face bans on vacationing abroad this summer due to a law prohibiting anyone with more than 10,000 rubles ($180) in unpaid debt from leaving the country, the TASS news agency reported Wednesday.

In accordance with Russian legislation, anyone who owes more than 10,000 rubles in unpaid bank credit, alimony, taxes, community service payments or fines is forbidden from leaving the country, TASS reported. Of Russia's approximately 8 million holders of unpaid debt, some 6.6 million owe more than 10,000 rubles, TASS cited debt collectors Sequoia Credit Consultation as saying in a report. More...