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Changes in criminal legislation in economic crimes

In the last year, largely at the initiative of President of the Russian Federation, the Russian law on economic crimes has substantially been liberalized. The changes affected both criminal and tax laws.

In particular, the Criminal Procedure Code now prohibits the detention of suspects or individuals accused of committing economic crimes. There has been an annulment in the Criminal Code of criminal liability for the violation of licensing requirements and conditions, which cause major damage, and also the article on false-entrepreneurship has been deleted due to uncertainty in the phrasing.

Regarding tax legislation, the Tax Code on tax crimes has increased the amount of damage that is considered large and very large. Now they account to 1.5 million rubles and 6 million rubles respectively.