Today, every transaction related to exiting the market must be linked to the commission of the government of the Russian Federation.
The Russian Federation introduced a fee for exiting the Russian market. The Financial Times reported this.
It was noted that the Norwegian company Wenaas has concluded the first agreement on a “voluntary donation” to the budget of the aggressor country for the right to leave the Russian market. The company ended the deal after the sale of its hotels. The transaction price reached 203 million euros, including 10% that went to the budget of the Russian Federation.
According to the publication, early companies that appeared on the Russian market could choose between a “voluntary contribution” or a deferred payment from the sale for several years. But now every transaction connected with the exit from the market must be coordinated with the government commission of the Russian Federation.
Many of those who tried to exit the market were reportedly trapped in a long and confusing process. Today approximately two thousand applications await approval, and the commission meets three times a month and considers no more than seven applications at each meeting.
The publication said the Kremlin decided to replenish its own budget with those who left the Russian market in December last year. Then the speaker of the State Duma of the Russian Federation, Vyacheslav Volodin, said that the changes in the law provide for the abolition of preferences for companies to leave the Russian Federation and the introduction of an increase in the tax rate for them.
Recall that the BASF concern left the Russian Federation with a loss of € 7.3 billion.
Earlier it was reported that due to the war launched by the Russian Federation against Ukraine, the American technology company Nvidia completely left the Russian market. Also, the Russian market left the building materials manufacturer Holcim and many other companies and brands.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.