The authorities introduced a mandatory fee on the sale of assets by foreigners
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When “unfriendly” non-residents withdraw from Russian assets, they will now have to pay a fee to the RF budget along with a significant discount. At a discount of more than 90%, the contribution will be at least 10% of the market value of the asset.
“The government subcommittee on foreign investment control has adjusted the conditions for residents from unfriendly countries to withdraw from assets in the Russian Federation. To get out of Russian assets, “unfriendly” foreigners will definitely have to pay a contribution to the Russian budget,” reports Interfax with reference to the minutes of the committee meeting.
Previously, the Russian authorities significantly tightened control over transactions with shares and bonds of Russian companies, as well as OFZ and shares, which before the start of the military operation of the Russian Federation in Ukraine belonged to foreign persons, and in 2022 in a “special procedure” were transferred to Russian residents. Now, even for the subsequent sale or transfer of such securities, permission from the government commission for the control of foreign investment will be required.
Read more about this in the material “Kommersant” “Assets for the Chosen”.
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