INSUBCONTINENT EXCLUSIVE:
foreign companies to sell their assets to Russian buyers at steep discounts and charged them an exit fee of the transaction value
The percentage figures have been gradually revised upwards, while foreign companies remaining in Russia have faced criticism that their
the new rules, according to RBC
The newspaper added that the first 25% is payable within the first month after the deal, 5% within a year and the last 5% within two
rules will also require President Vladimir Putin to personally approve deals worth more than 50 billion rubles ($520.3 million).A government
foreign companies sold their Russian assets at a value of $1.89 billion
fully exited or scaled back operations in Russia following its full-scale invasion of Ukraine in 2022.A Message from The Moscow Times:Dear
readers,We are facing unprecedented challenges
Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting
our staff at risk of prosecution
This follows our earlier unjust labeling as a "foreign agent."These actions are direct attempts to silence independent journalism in Russia
The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide
accurate, unbiased reporting on Russia.We, the journalists of The Moscow Times, refuse to be silenced
But to continue our work, we need your help.Your support, no matter how small, makes a world of difference
If you can, please support us monthly starting from just $2
It's quick to set up, and every contribution makes a significant impact.By supporting The Moscow Times, you're defending open, independent
journalism in the face of repression
set.
We will send you one reminder email a month from now
For details on the personal data we collect and how it is used, please see our Privacy Policy.
