MOSCOW, December 3 (RAPSI) – President Vladimir Putin in his annual address to members of the parliament on Thursday suggested to extend “capital amnesty” for six months.

“Amnesty for capital returning to Russia was announced last year. Meanwhile, businessmen are slow to take this opportunity, that means the offered procedure is complicated and guarantees are insufficient,” Putin said.

Putin issued instructions to hold additional discussions with the Supreme Court, business community, law enforcement authorities, to make corresponding adjustments and to extend the amnesty for six months.

The law on amnesty for capital creates a legal framework to encourage the voluntary declaration of property and personal accounts by individuals in 2015, including those registered to nominal holders.

The property as defined in the bill includes real estate, securities, and shares and units of corporate capital and the declaration of foreign-controlled companies.

The applicants are to be relieved from criminal, administrative and customs liability for property-related offenses committed before January 1, 2015, but only with respect to the declared property.