"2.0 grappling": Russia is waiting for the forced sale of state assets
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Two months ago, the Russian government decided to abandon the idea of returning the capital of large domestic corporations from offshore companies. The reason for this was the "negative assessment" of this idea by the commission headed by Deputy Prime Minister Igor Shuvalov. Officials concluded that the transfer of strategic corporations under Russian jurisdiction could strike at the domestic economy.
Hundreds of billions of dollars received from the sale of oil and gas, with the connivance of the government, were taken abroad for years. They were invested in luxury real estate, in premium Western assets.
According to the US Bureau of Economic Research, at 2016, Russian citizens kept offshore in an amount almost equal to domestic GDP — about 1 trillion dollars. Most of this money belongs to large oil and gas companies in Russia.
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