Russia imposes a mandatory fee on the sale of assets of “hostile” non-residents 19:36

Voluntary contribution to the budget will be one of the prerequisites for the exit of “hostile” non-residents from Russian assets. This is stated in an excerpt from the meeting minutes of the subcommittee of the government commission for the control of foreign investment. interfax.

It was explained that the subcommittee determined the contribution as at least 10% of the market value of the asset and at a discount of more than 90%. The subcommittee has the right to allow transactions with “hostile” residents and accept the terms of relevant agreements, which the Russian authorities imposed restrictions in the spring of 2022 in response to anti-Russian sanctions.

It was reported in December 2022 that it was at the level of the official decision of the relevant institution. fixed discount in the market value of Russian assets of “hostile” non-residents.

The capital control system, created in response to the sanctions against the Russian Federation, provides for transactions with “hostile” non-residents, in particular, through a subcommittee of the government commission on foreign investment. It has the authority to allow certain operations that are prohibited by default according to a series of Presidential decrees. The work of this subcommittee is headed by Finance Minister Anton Siluanov. Also, its members are representatives of the Central Bank, the Ministry of Economic Development and the administration of President Vladimir Putin.



Source: Gazeta

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author

How many Europa League has Mourinho won as a manager

The Portuguese coach was close after making it with Manchester United and also with Porto when it came to the UEFA Cup.Jose Mourinho's Roma...

Russian authorities temporarily made life easier for local oil refineries 08:04

The Russian government has decided to postpone the doubling of payments to oil companies from July 1 under the damper mechanism (a scheme in...

Moscow residents told about the weather June 1 at 07:59

Forecasters predicted that on Thursday, June 1, the weather in Moscow and the Moscow region will reach up to +23°C. According to the...

Sevilla head coach Mendilibar shared his feelings after winning the Europa League final 07:57

Sevilla Coach Jose Luis Mendilibar shared his feelings after beating Italian Roma in the European Football League final by penalty shootout."We did a good...