Russian has announced it will make inward investment easier for citizens and companies from a list of 25 countries it considers friendly.Prime Minister Mikhail Mishustin said those from the friendly countries would be able to open Russian bank accounts and move money into those accounts more easily.
Mishustin said entities from a list of 25 countries would be allowed to open bank accounts in Russia and make deposits via a simplified procedure."Creating more convenient conditions for foreign enterprises and entrepreneurs is an important part of the government’s systemic efforts to achieve financial sovereignty as part of the implementation of the national goals set by our president," Mishustin said in a statement.
He said the procedure would apply to Azerbaijan, Algeria, Armenia, Bahrain, Belarus, Brazil, Egypt, India, Indonesia, Kazakhstan, Qatar, Kyrgyzstan, China, Kuwait, Malaysia, Mongolia, UAE, Oman, Pakistan, Saudi Arabia, Tajikistan, Thailand, Turkmenistan, Turkey, and Uzbekistan.