All necessary conditions are being created for foreign companies remaining in Russia. For those who decide to sell their assets in Russia, the transaction prices are not lowered as they are determined by an independent valuation expert, declaration In the press service of the Ministry of Finance of the Russian Federation.
“The subcommittee of the government commission on the control of foreign investments in Russia is interested in the continued work of foreign companies in Russia. Conditions are created for companies that decide to stay, including paying dividends and allowing repayment of internal company debts. The press service of the ministry said that those who decided to sell their business were not forced by the subcommittee to lower the final price.
The Ministry of Finance added that the assessment of the assets of foreign companies that have decided to leave the Russian Federation is not made by members of the commission, but by an independent valuation expert. The value of the business can only change if the commission points to an incorrect assessment of the foreign business’s market price.
Regarding the low price application of the Russian authorities the previous day reported Reuters.
Russian Finance Minister Anton Siluanov in an interview with TASS saidindividual consideration of each application for the separation of a foreign company. Conditions for exit from Russian assets are determined by the president, the subcommittee meets two or three times a week.
Formerly Heineken Sold Business in Russia to the manufacturer “Prelest” for 1 €.