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.
