Western businesses that want to leave the Russian Federation were obliged to pay a contribution to the budget

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Every Western company that wants to exit the Russian market and sell its assets will now be obliged to transfer a direct contribution to the budget of the aggressor state.

This was announced by the Russian Commission on Foreign Investments, reports Financial Times.

Thus, all companies that decided to postpone the decision to end their cooperation with Russia until the beginning of a full-scale invasion, will now somehow finance the Russian budget with direct payments in the event of leaving the country.

Previously, companies leaving Russia could choose between a “voluntary contribution” to Russia’s budget, which amounted to 10% of the sale price, or agree to defer payment from the sale for several years.

“A lot of companies wanted to get out of Russia as quickly as possible, so they chose this 10 percent tax and get cash right away instead of the uncertainty of a deferred payment,” said an agency insider who was involved in a recent Russian exit deal.

A tougher regime would leave executives seeking to leave the country with no choice but to make a direct contribution to the Russian budget.

A person involved in one of the ongoing exit talks said about 2,000 applications were pending approval.

“The commission meets three times a month and considers no more than seven applications in one meeting – you can count,” said the interlocutor.

The first publicized “voluntary donation” deal was made by the Norwegian company Wenaas after selling its hotels in Russia to the Russian conglomerate Sistema, controlled by sanctioned oligarch Vladimir Yevtushenkov. In February, Sistema stated that the price of the deal was “up to 203 million euros, including a 10 percent contribution to the budget of the Russian Federation.”

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