710 views
Russia to announce new phase of capital amnesty
Russian Prime Minister Mikhail Mishustin said that a new stage of capital amnesty will be announced in Russia in the near future. The fourth stage will be the most extensive one.
“The government will help businesses protect their assets in the face of a sharp increase in political pressure abroad, where a “hunt for Russian assets” has been announced,” Mikhail Mishustin said.
with the capital amnesty, entrepreneurs will have the opportunity to declare cash. The definition of “financial assets” will replace “securities” in the law, which allow legalization not shares or bonds aalone, but also derivative financial instruments – futures contracts, options, and others. The authorities will also improve the work of public-private partnerships and simplify the procedure for holding tenders for obtaining concessions, so that it would be easier to invest capital in Russia.