Russian companies will be allowed not to return proceeds to Russia. Kudrin advised ...
And as long as there is no official data on the composition of the cabinet of ministers, there is evidence of the steps that the undeformed cabinet is taking in these days. Information Agency Interfax publishes a statement by Deputy Finance Minister Alexei Moiseyev about how the government is going to support Russian companies that have come under sanctions. We are talking about allowing companies not to return to Russia the proceeds from transactions with foreign partners. These permissive measures may be taken in the near future.
From the statement:
Recall that today Russian companies are obliged to return revenue in the Russian Federation. If they do not, then they are penalized. The sanctions are as follows: about 0,05% per day of the amount of revenue for late payment or a fine of 100% of revenue, if the company refuses to “repatriate” profits to Russia. The government took such measures to prevent the growth of capital outflow from the country. Now the state seems to care about the state of the companies receiving foreign exchange earnings. They are going to be allowed to do without returning the proceeds to the Russian Federation, since "they need help after imposing American sanctions on them".
A separate question: what percentage of additional capital outflows from the Russian Federation can provoke this decision, if it is made?
Newspaper "Vedomosti" reports that the Center for Strategic Research Alexey Kudrin has long insisted on this kind of liberalization of legislation. As you know, Kudrin is now transplanted into the chair of the head of the Accounts Chamber of Russia.
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