Bbabo NET

Economics & Business News

Business allowed an outflow of investments from Russia due to new FAS proposals

Businessmen warned about the risks of reducing the attractiveness of the Russian economy due to tougher requirements for foreign investment, which is going to introduce the Federal Antimonopoly Service (FAS). RBC writes about it.

The risks are mentioned in the letters of the Executive Director of the Association of Professional Investors Alexander Shevchuk, which he sent on February 1 to First Deputy Prime Minister Andrey Belousov, Head of the Ministry of Economic Development Maxim Reshetnikov and Head of the Federal Antimonopoly Service Maxim Shaskolsky.

According to Shevchuk, the deprivation of foreign investors of property rights and the seizure of shares in strategic enterprises from foreign investors will lead to the fact that Russian companies will begin to fall in capitalization and outflow of investments. As a result, the Russian stock market may lose its competitiveness.

According to the current law on foreign investments, if the transaction is void, the court applies the consequences of its invalidity in accordance with the Civil Code. That is, the court can recover everything that the parties received from the transaction.

The FAS representative noted that the amendments to the law will not affect 95% of investments made in the "open areas" of the economy. They will affect only those companies that will be of strategic importance for the defense and security of the state.

On January 21, it was reported that the FAS proposed tougher penalties for foreign investors who gained control of a strategic enterprise in violation of Russian law.

Business allowed an outflow of investments from Russia due to new FAS proposals