Companies will be allowed to sell their assets in Russia if they agree to transfer at least 10% of the transaction in the form of a voluntary contribution to the federal budget.

In the tenth month of the full-scale Russian invasion of Ukraine, the Russian Federation decided to replenish the budget at the expense of foreigners who sell their assets on the territory of the aggressor country.

As RBC reports, companies from “unfriendly” countries will be allowed to sell their assets in Russia if they agree to transfer at least 10% of the transaction in the form of a voluntary contribution to the federal budget.

An alternative to this may be to provide the buyer with installment payments for a period of up to two years.

Such requirements were developed by the subcommittee of the Ministry of Finance of the aggressor country regarding the issuance of permits for resident agreements with foreign companies from “unfriendly” countries, which is headed by the head of the department, Anton Siluanov. In total, the officials approved four criteria.

In addition to paying 10% of the deal amount to the budget, companies need to conduct an independent assessment of the value of the assets. It will be possible to sell them only with a discount of at least 50% from the price established during the independent evaluation.

The war in Ukraine and the freezing of Russian assets:

On October 20, Great Britain froze Russian assets worth 20 billion dollars.

On October 29, there was a long discussion in the USA about the future of the frozen assets of the Russian Federation. The Democratic Party offered to finance Ukraine at the expense of seized assets of the Russian Federation, but a group of Republicans in the House of Representatives and the US Senate opposed it.

On October 31, the Czech authorities announced their intention to confiscate Russian property frozen in the country. Prague intends to give Ukraine 20 million dollars to rebuild the country every year.

The Office of the President of Ukraine called on Western countries to stop looking for excuses and hand over frozen Russian assets to Ukraine.

As of November 18, 2022, the EU has frozen 68 billion euros of Russian assets.

As of December 1, 2022, Switzerland has frozen Russian assets worth 7 billion euros.