UK Opposes Return of Russian Business from Offshore | WHAT REALLY HAPPENED

UK Opposes Return of Russian Business from Offshore

On 19th March, President Vladimir Putin stated in an address at the conference of the Russian Union of Industrialists and Entrepreneurs, that a plan for the decreased reliance of offshore business could be met with opposition from a number of countries – although they as yet remain nameless. As Izvestia understands, the jurisdictions in question are primarily those under the control of the United Kingdom.

"So this is the situation: there is some, I would say, rather alarming information emerging from some countries suggesting that there may be attempts to prevent capital repayments to Russia. This may be due to the restrictions placed on the usage of such capitals, which are in foreign jurisdictions. But it’s worth bearing in mind." - President Vladimir Putin

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA