Putin instructed to direct funds from the sale of assets by foreigners to the development of tourism

Russian President Vladimir Putin instructed to ensure the direction of funds for the development of tourism infrastructure from voluntary contributions to the federal budget in transactions for the alienation of assets of foreign residents from unfriendly states. The relevant document is published on website Kremlin.

The order must be completed by July 1. Russian Prime Minister Mikhail Mishustin has been appointed responsible for it. The funds will be calculated from the amounts of transactions presented at meetings of the subcommittee of the government commission on control over foreign investment of the Ministry of Economy.

Vladimir Putin also instructed the Russian government and the government agencies of Crimea and Sevastopol to take measures to gradually reduce the deviation of incomes of the population of the peninsula from the average for Russia, as well as the Krasnodar Territory and the Rostov Region. The first report on the work on the assignment must be prepared by September 1.

All instructions were given following the meeting on the socio-economic development of Crimea and Sevastopol. The meeting took place on March 17th.

Companies from unfriendly countries must pay a voluntary contribution of 5% of the market value when selling Russian assets at a discount below 90%. If the discount exceeds 90%, the contribution must be at least 10%. About it said in the extract of the minutes of the meeting of the subcommittee of the government commission on control over foreign investment in the Russian Federation dated March 2, published on the website of the Ministry of Finance.

More details – in the material “Kommersant” “Non-refundable ticket to the West without luggage”.

Olesya Pavlenko