The Ministry of Finance intends to attract new foreign investors to the Russian stock market, both from “friendly” and “unfriendly” countries. In Russia, work is underway to ensure that the funds raised are not subject to restrictions, Pavel Shakhlevich, deputy head of financial policy at the Ministry of Finance, said at the forum of retail investors, TASS writes.
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The Ministry of Finance is discussing an anti-sanctions planning system so that investors are not afraid to invest in Russia, Shakhlevich noted. He recalled that previously the authorities eased the conditions for the payment of dividends to foreign investors. The money invested by foreigners will be able to be withdrawn in a simplified manner as part of dividend earnings starting April 1, 2023, the official emphasized.
Earlier, the Ministry of Finance announced that it planned to attract 1 trillion rubles in investments from foreign investors from “friendly” countries to the Russian stock market by 2030. Investors from “hostile” countries are also showing interest in investing in Russia, noted the Deputy Minister of Finance, Ivan Chebeskov.
In October, the amount of the “voluntary” contribution that foreigners pay to the Russian budget for the sale of a Russian company increased from 15% to 35% of the transaction amount. At the same time, the mandatory discount on such transactions was increased from 50% to 60%.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
