CBR makes life easier for capital exporters

RUSSIA - On 5 July, the Central Bank of Russia established a new procedure for making direct investments in the economies of CIS countries.

From now on, an investor wishing to put under $10 million in direct investments into a CIS economy will just have to notify the bank of the planned move. As before, direct investments over $10m will require a prior Central Bank consent, but the procedure for granting the permission will be substantially simplified. From now on, the respective permits will

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