Putin instructed to release specialisatie to return capital to Russia
Vladimir Putin at a meeting with businessmen announced that they had commissioned already in 2018 to ensure the release of a special bond for the return of capital in Russia. Question has worked for the government and the Central Bank.
“At our last meeting you were asked to create suitable mechanisms for the return of capital to Russian jurisdiction. As a tool we decided to use domestic bonds, external bonds denominated in foreign currency. And had a Commission to determine the necessary conditions and parameters of the issue of such securities to Russian investors and to provide them treatment in the next year”, — Putin said at a meeting with businessmen in the Kremlin, the correspondent of RBC.
Question has worked for the Ministry of economic development, the Ministry of Finance and the Central Bank, with the idea “did not cause any objections,” said the head of state.
Putin said that the Russian authorities intend to expand the range of financial instruments for long-term major investments in the domestic economy. From February next year, will come into force the law “On syndicated loan”, mechanisms which allow to considerably increase volumes of crediting and to increase the availability of resources for the real sector of the economy.
“This will significantly reduce risks for lenders themselves. It also enables banks and other professional market participants to issue infrastructure bonds: a new kind of securities with partial coating of par value”, — explained the President.
Putin said that the legal regime of controlled foreign companies will be improved, the relevant legislative amendments have already been prepared.