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Andrey Makarevich's Real Estate Holdings Spark Controversy in Russia

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Andrey Makarevich, the founder of 'Time Machine', faces scrutiny over his real estate holdings in Russia amid his designation as a foreign agent.


The founder of the rock band 'Time Machine', Andrey Makarevich, is reported to own approximately 70 real estate properties in Russia, according to Vitaly Borodin, head of the Federal Project on Security and Combating Corruption. Borodin criticized Makarevich for allegedly discrediting Russia's course while earning money in the country, suggesting that foreign agents should not benefit financially from their activities in Russia. This statement comes in light of a recent court ruling that classified Makarevich as a foreign agent due to his political activities perceived to be in favor of Ukraine. The Zamoskvoretsky District Court in Moscow clarified that Makarevich's foreign agent status was a result of his public criticism of the Russian government and military actions in Ukraine, including accusations of war crimes. In response to the growing concern over foreign agents, the State Duma has proposed a bill that would require foreign agents to open special ruble accounts for their income, which could only be accessed after their foreign agent status is revoked. This bill was unanimously approved by the State Duma, with Speaker Vyacheslav Volodin highlighting that 493 individuals in Russia have been designated as foreign agents, many of whom continue to profit from their ties to the country while expressing hostility towards it.

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