MOSCOW, February 3 (RAPSI) – Russia’s government has approved a bill on forfeiture of assets upon the request of foreign courts, the Cabinet’s official website announced on Friday.

The bill is to be submitted to the State Duma, according to the statement.

Amendments would establish the procedure of recognizing and execution of foreign courts’ judgments on seizure of assets in Russia obtained by criminal means.

The bill, among other matters, stipulates the jurisdiction of foreign authorities’ requests for recognition of court rulings and determines agencies and persons authorized to participate in relevant court hearings.

The draft law also fixes grounds for refusal to fulfill such requests.

Earlier, Russian Prime Minister Dmitry Medvedev said that legislation amendments concerning execution of foreign courts’ judgments on forfeiture of assets and proceeds of crime would enhance combatting corruption and cross-border criminality.