FT: Western businesses wishing to leave Russia were obliged to pay a contribution to the budget

The Russian Foreign Investment Commission said that every Western company that decides to exit the Russian market is required to pay a fee. This is reported by the international business newspaper The Financial Times.

Any Western company that decides to withdraw from the Russian market will have to pay a fee. Firms that sell their assets are required to make a payment to the Russian budget equal to 10% of the sale transaction. Previously, companies that left the Russian Federation could choose between a “voluntary contribution” to the Russian budget, which amounted to 10% of the sale price, or agree to a deferred payment from the sale for several years.

Consequently, all Western companies that have decided to suspend their activities in the country due to the start of a special military operation will now, in one way or another, contribute to replenishing the country’s budget.

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FT: Western businesses wishing to leave Russia were obliged to pay a contribution to the budget