Russia is preparing a decree to curb the outflow of foreign investment that began since the announcement of sanctions against Moscow, Russian Prime Minister Mikhail Mishustin said on Tuesday.
“A draft presidential decree has been prepared to introduce temporary restrictions on the exit (of foreign investors) of Russian assets”to “allow companies to make lucid decisions” and not under “political pressure,” the prime minister said, quoted by state news agencies.
“We hope that those who invested in our country can continue to work in it,” the Russian head of government said at a meeting on economic issues.
Russia invades Ukraine: what the new sanctions of the US and its allies on Moscow consist of
The United States, Europe and allied countries have adopted sanctions of historic magnitude against Russia for its invasion of Ukraine.
The punitive measures include a closure of airspace to Russian planes throughout the EU, an exclusion from a major international financial transfer system, and above all sanctions against the Russian president and his circle, including like-minded businessmen.
Sanctions against Russia cause major world stock markets to fall
In this onslaught, Switzerland broke its traditional neutrality and announced that it joined the measures adopted by Europe and the United States.
Following these measures, a major hemorrhage of foreign capital from Russia has begun. The pressure is increasing especially for the large Western oil and gas groups present in Russiaa country that obtains most of its foreign exchange earnings from the exploitation of its energy resources.
The oil majors BP and Shell announced that they were withdrawing from their projects in Russia and that they were selling the shares they had in Russian companies. (I)
Source: Eluniverso
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