Russia’s parliament passes sweeping wartime economic controls

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LONDON (Reuters) – Russia’s parliament on Wednesday rushed by means of two payments imposing strict controls on the economic system, requiring companies to provide items to the armed forces and obliging staff at some corporations to work time beyond regulation.

Once signed into legislation by President Vladimir Putin, the payments will enable the federal government to introduce “particular economic measures” throughout what the Kremlin calls its “particular army operation” in Ukraine.

“In the context of operations carried out by the armed forces of the Russian Federation outdoors of Russia, together with on the territory of Ukraine, there’s a have to restore weapons, army gear and supply the armed forces with materials and technical means,” says an explanatory be aware to one of many payments.

The payments have been submitted to the decrease home State Duma by the Kremlin on June 30. After being handed on their first studying, Duma speaker Vyacheslav Volodin stated additional dialogue can be held behind closed doorways as a result of nationwide safety.

According to one of many drafts, the state will be capable of buy items and companies obligatory for conducting army particular operations from a single provider with out the necessity for a aggressive tender.

In addition, companies can be required by legislation to provide items and companies obligatory for conducting the “particular army operation” to the armed forces.

A second invoice mandates the federal government to require staff of sure enterprises producing items and companies wanted by the Russian army to work time beyond regulation.

The authorities might also oblige some staff to work at evening, on weekends or throughout holidays, in return for elevated wages.

(Reporting by Reuters; modifying by John Stonestreet)



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