Thursday, July 2, 2015

How Russia Handles Those Who Have Debt Problems

The region with the largest number of people unable to travel abroad due to unpaid debt is Sverdlovsk. Sergei Nikolayev / Vedomosti

Moscow Times: Millions Barred From Leaving Russia Due to Unpaid Debt

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.

WNU Editor: This is actually news to me, and something that I have only learned about recently. I was suppose to receive my cousin's daughter from St. Petersburg a week ago for a brief visit (they are on their way to see the Calgary Stampede) .... but she got stuck because her husband owes money AND alimony to an ex-wife. LOL .... guess what .... the debt and alimony has been paid up, but it caused quite a stir in that part of my family. Hmmmm .... will this work on Greece?

1 comment:

  1. Will this work on Greece....no

    The world wouldn't loan them money to go on vacation.

    ReplyDelete