Foreign firms flock to Russian offshore havens ...News

Economy by : (Russia Today) -
The country’s special administrative regions offer firms protection from the sanctions war between Moscow and the West A growing number of foreign companies and Russian firms registered overseas are moving their operations to special administrative regions (SARs) in Russia, Izvestia news outlet reported on Tuesday, citing data provided by the Ministry of Economic Development. According to the report, a total of 87 companies moved to SARs on the Russky and Oktyabrsky islands in the first half of 2023 – up from 34 companies in the same period last year and more than during the whole of 2022. Some 62 international co

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