Sochi, Nov 14: Russia's lower house of parliament has given tentative approval to a bill that envisages fines up to $30,000 for ticket touts at the Sochi Olympics.
Russia is known to be plagued with resellers who scalp tickets to all major sporting and entertainment events outside the venues.
For the resale of tickets to Olympic events including the opening and closing ceremonies, individuals will be fined five to 10 times their value, while officials will have to pay at least $1,500 and legal entities up to $30,000.
Legal entities and individual entrepreneurs are also threatened with administrative suspension of all activity for 90 days.
The bill would additionally allow the federal government to regulate prices for entry tickets and hotel services in the Krasnodar region from September 2012 till July 2014.
The bill was passed in first reading Tuesday. It must pass a second and third reading before President Vladimir Putin can sign it into law. (IANS)
- Amanda Seyfried thinks 'life is too short' for stringent diets
- Supermodel Petra Nemcova unveiled as new face of 'Ultimo'
- Was New Bond girl's sex scene with co-star's hubby behind marriage split?
- Mila Kunis debuts svelte post-baby bod, says 'breastfeeding is great workout'
- 'Delighted' Zoe Saldana welcomes twins with hubby
- Simon Cowell slams Lily Allen's corruption blast
- Amy Schumer to host MTV Movie Awards 2015
- Arjun Kapoor, Sonakshi Sinha promotes 'Tevar' at Radio Mirchi Studios in Mumbai