The authorities are preparing incentives to attract investors from friendly countries to the Russian financial market
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The government and the Bank of Russia plan to create incentives for investors from friendly countries to invest in Russian financial assets, follows from the Strategy for the Development of the Russian Financial Market until 2030. In particular, the authorities want to simplify the work of Russian financial intermediaries with foreign issuers and investors, create favorable tax conditions for servicing non-residents brokerage and management companies, as well as to develop the issuance of securities in Russia by issuers from friendly jurisdictions.
A significant change in the geopolitical situation and the reorientation of foreign trade and financial relations towards friendly countries pose new challenges in the development of the financial market, the document says. When interacting with foreign states, multi-format models can be used that take into account the current state of development of the financial sector in Russia and partner countries. The Russian market continues to adhere to the principle of openness and accessibility to foreign investors to the extent that it does not contradict the principles of maintaining financial stability and national sovereignty, the strategy adds.
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