Russia to make it harder for foreign companies to leave – Izvestia ...News

Departing firms will need to contribute 15% of the value of their business sale to the country’s budget, the newspaper reports Western companies seeking to leave Russia and sell their assets in the country will soon be obliged to make a 15% contribution to the state budget, Izvestia reported on Tuesday, citing the Finance Ministry. The director of the ministry’s Department of Financial Policy, Ivan Chebeskov, told the news outlet that in each case the share will be calculated from the full market value of the company’s assets. The ruling by the Commission on Foreign Investments will be released in the near future,

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