They decided to free the oligarchs from unnecessary control: for foreign agents the screws are tightened tighter

It is unlikely that capital will flow like a river to where the category of “superfluous people” is rapidly growing

Socialism is, as the leader of the world proletariat taught, accounting and control. Capitalism, therefore, is a society in which there is obviously less accounting and control than under socialism. What do you call a society in which control over one part of it is declining, while control over another is rapidly growing? The question is much simpler than it might seem at first glance. There is such a society, there is such a country, and we all know this country very well. Because in it, wonderful, we live. And soon, if you believe the informed media, it will become even more wonderful. The government, or rather the Ministry of Economic Development, which is entrusted with this responsible mission, has prepared amendments to the legislation that will significantly make life easier for large entrepreneurs.

We are talking about changing the procedure for regulating the activities of so-called personal funds. This instrument, which relatively recently (in 2022) received “registration” in our legislation, is the Russian analogue of Western private funds and trusts intended for managing serious assets.

What’s changing? A detailed story about the proposed innovations will take quite a lot of space and time. And to the untrained ear and eye it will, perhaps, be perceived as Chinese writing. Therefore, we will limit ourselves to the main thing: life will become better and more fun for individuals who have personal funds. Previously supervised by the Ministry of Justice, like other non-profit organizations, these structures are being removed from the “diocese” of the legal department: the Federal Tax Service will be the regulator for them. And, accordingly, they are exempt from the strict requirements imposed on NPOs, including annual reports and inspections. Both the creation and daily activities of personal funds are greatly simplified.

In general, as they say, we can whenever we want. And what we want, well, in the sense of what the authorities want, is completely clear. From the comments of ministerial speakers and explanatory notes, it is clear that the expectation is for an accelerated transfer of assets stored in various foreign “boxes” to domestic jurisdiction.

Something, however, suggests that Russian oligarchs and oligarchs keep their capital abroad not so much because of the brutality of control over personal funds and the associated rigmarole, but for other reasons. But there is certainly logic in such liberalism. It is obvious that the tighter the regulatory screws are tightened, the less likely it is that the country will become attractive to investors, that they will like the business climate that reigns in it. And vice versa.

It is illogical that as the screws are loosened for some NGOs and citizens, they are tightened just as vigorously – no, much more vigorously – for others. A striking and obvious example is foreign agents: not only is their every step and sneeze, every post on social networks and every transaction controlled, but recently a ban has been imposed on their financing by advertisers.

Moreover, they say that foreigners may soon be banned from using social networks and the Internet in general. One way or another, these individuals are clearly not welcome in our jurisdiction. And not only them: examples can be given for a long time. In a word, it is as if they are saying to unsympathetic subjects: “Good riddance.” Well, to those who are here. And those who left are transparently hinted that it is better not to return.

Those who believe that this double, differentiated approach – unwinding” in one place and tightening in another – will ultimately ensure balance. And all trusts will come to visit us. It is unlikely that capital will flow like a river to where the category is rapidly growing. extra people.”