US will license companies to pay “exit tax” from Russia

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The U.S. Treasury Department’s Office of Foreign Asset Control (OFAC) said U.S. companies that would have to pay an “exit tax” if they sold their business in Russia would need special permission from their officials to do so. writes about it RIA News.

“U.S. persons involving a payment such as an ‘exit tax’ on departure from the Russian Federation must obtain a special license from OFAC,” the agency said in a statement.

The difficulties arise from the fact that Russian authorities can require foreign companies to pay an “exit tax”, but US sanctions prohibit US persons from making payments, including the Central Bank of Russia (CBR), the National Welfare Fund or the Ministry of Internal Affairs. Finance covered by direct and indirect transactions.

Therefore, a separate authorization is required for deduction of payments, which is not considered in current licenses and Washington directives.

On February 24, Russian President Vladimir Putin announced that he had decided to conduct a special military operation in Ukraine in response to a request for assistance from the heads of the LPR and DPR.

The decision to run the operation became the justification for new sanctions against Russia by the United States and its allies.

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