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Russian businessmen are going to return money to Russia because of sanctions

  • Russian businessmen are going to return money to Russia because of sanctions

Moscow: The introduction of new sanctions forces Russian businessmen to return their assets to the Russian Federation.

As Reuters has learned from sources, representatives of the Russian elite, who have accounts abroad, want to issue state currency loan bonds that would provide them with greater income and anonymity than bank deposits.

It is not known whether the idea is being considered seriously by the government, or by whom it lobbies in the Council of Ministers.

Another source of the agency in the Ministry of Finance said that no special tools are required, and if you want to invest in sovereign securities, this can be done through the Russian depository, buying eurobonds.

On Wednesday, August 2, Trump signed a law on sanctions against the Russian Federation, which contains a provision that would prohibit the president from unilaterally lifting certain sanctions against Russia, as well as imposing new sanctions against Russia, Iran and North Korea.

Recently, Gazprom in its own report warned its investors about the risks that were created by the adoption on August 2, 2017 by US President Donald Trump of the law on new sanctions against Russia.


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