The authorities set ten conditions for the exit of foreigners from trade in Russia. Among them is the limitation of the validity period of a permit to buy back a Russian asset, according to an excerpt from the government commission’s decision posted on its website. Ministry of Finance of the Russian Federation.
Some exit conditions were announced in advance, such as the sale of assets at a discount of at least 50% of the market value. It also includes having an independent valuation, creating KPIs for new owners, and putting at least 10% into the budget when selling a business at a discount of more than 90%.
Among the innovations is limiting the validity period of a license to repurchase an asset: a maximum of two years. It is possible to repurchase an asset at the market price, depending on the economic feasibility for the resident.
In May, Deputy Chairman of the Security Council of the Russian Federation Dmitry Medvedev declarationForeigners should not expect a different attitude if those living in Russia are being oppressed abroad.
Former US Treasury extended sanctions against Russia.