Cyprus Mail

Russia’s parliament passes sweeping wartime economic controls

russia's attack on ukraine continues, in sievierodonetsk
Businesses will be required by law to supply goods and services necessary for conducting the "special military operation" to the armed forces

Russia’s parliament on Wednesday rushed through two bills imposing strict controls on the economy, requiring businesses to supply goods to the armed forces and obliging employees at some firms to work overtime.

Once signed into law by President Vladimir Putin, the bills will allow the government to introduce “special economic measures” during what the Kremlin calls its “special military operation” in Ukraine.

“In the context of operations carried out by the armed forces of the Russian Federation outside of Russia, including on the territory of Ukraine, there is a need to repair weapons, military equipment and provide the armed forces with material and technical means,” says an explanatory note to one of the bills.

The bills were submitted to the lower house State Duma by the Kremlin on June 30. After being passed on their first reading, Duma speaker Vyacheslav Volodin said further discussion would be held behind closed doors due to national security. Read full story

According to one of the drafts, the state will be able to purchase goods and services necessary for conducting military special operations from a single supplier without the need for a competitive tender.

In addition, businesses will be required by law to supply goods and services necessary for conducting the “special military operation” to the armed forces.

A second bill mandates the government to require employees of certain enterprises producing goods and services needed by the Russian military to work overtime.

The government may also oblige some employees to work at night, on weekends or during holidays, in return for increased wages.

Follow the Cyprus Mail on Google News

Related Posts

US is reimposing oil sanctions on Venezuela, officials say

Reuters News Service

Hezbollah launches missiles and drones at northern Israel

Reuters News Service

Swiss vote to ban swastika in crackdown on extremist symbols

Reuters News Service

Israel will defend itself, Netanyahu says, as West calls for restraint

Reuters News Service

Ukraine says Russia steps up illegal use of tear gas to clear trenches

Reuters News Service

France prepares to commemorate D-Day’s 80th anniversary

Reuters News Service