Guarantees for investors…12 Dec 2024 08:20
Seems they want investors from “friendly” and also “unfriendly” countries after all…
ECONOMICS
11:09, december 12, 2024
The Ministry of Finance and the Central Bank have prepared a draft presidential decree on guarantees for new foreign investors
Moscow. December 12. INTERFAX.RU - The Ministry of Finance of the Russian Federation and the Bank of Russia have prepared a draft presidential decree, which guarantees new foreign investors the opportunity to withdraw their investments, Deputy Minister of Finance Alexei Moiseev said.
"We believe that it is not fantastic that foreign investors can come to the Russian market. We know very well, and those who have been working in the financial market for a long time, that, despite everything, greed defeats everything else. And the high level of profitability that can be obtained here will certainly lead to the fact that if the regulatory environment is such that people will be sure that they will be able to withdraw their money safely at the moment when they want to, I am sure that we will have an influx of foreign investment," he said at the parliamentary hearings, where the draft of the Main Directions of Development of the Financial Market of the Russian Federation for 2025-2027 is discussed.
The Deputy Minister is sure that investors from both friendly and unfriendly states will come to the Russian market - "under the guise of friendly through a chain of intermediaries". "There is absolutely no doubt that it will be so. I am sure that next year we will see the first swallows of such a tributary," he said.
"In order for these people to feel calm, now, together with the Bank of Russia, a draft presidential decree has been developed, in which we plan to provide such guarantees for new foreign investors regardless of where they came from," Moiseev said, expressing the hope that this measure will help increase the capacity of the stock market.
https://www.interfax.ru/business/997303
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