“The president has bank deposits,” his website kp.ru is quoted as saying.

The Kremlin spokesman also answered the question of where the Volga car and the Skif trailer, declared by the president, are kept.

"I do not know exactly where the Volga and the Skif trailer are stored, but I can assume that they are stored in some garage, that they are not abandoned on the street," RIA Novosti quoted him as saying.

Earlier, the Kremlin reported that Putin's declared income for 2020 was 9,994,692 rubles.