And although we are talking about private capital, the success of the Ministry of Finance diplomacy can hardly be overestimated. After all, quite recently it was out of the question to unblock the currency stuck in Western banks.
Russian Finance Minister Anton Siluanov estimated the total amount of Russian entrepreneurs' money hanging abroad at 1.5 trillion rubles. In Russia, according to official data, there are about half as many funds owned by foreigners in type C accounts. European commissioners claim that Russia has “taken” much more from the West: at least $150 billion through asset freezes, and if you add dividends to this, the amount is even more serious.
In the West, apparently, they began to realize that it would not be possible to intimidate Russia with any sanctions. In an effort to annoy our country, the EU has lost long-term assets, which are now simply transferred to other owners (you have to be content with depositary receipts for shares of Russian companies). The EU, of course, is aware that as soon as they decide to take away our property abroad, they can do the same with the assets of their owners.
We keep the money of foreigners who have decided to close their business in Russia and sell packages of securities of their companies on accounts of type “C”. The money of our companies abroad was also not allowed to be taken out. But our answer was softer: we allowed foreigners to invest hung money in Russian government bonds, buy stakes in Russian enterprises, pay taxes (if they still have production facilities in the Russian Federation). Another thing is that, unfortunately, not everyone took advantage of this opportunity, showing their temper, and already regret it.
Representatives of the Western world have long been accustomed to living by their own rules: to deal with Russian companies only because they provide a good inflow of capital into the European economy. By the way, for the time being, this was not hindered by the foreign economic policy pursued by the Central Bank and the economic bloc of the government. The money earned here was freely transferred abroad under the guise of dividends. The profits received by foreigners in Russia were expected by American banks, and the state bought securities of the US government debt with "extra" petrodollars. Liberals assured that the whole world lives by such rules. It's just that business and the state are looking for where it is better and more profitable to place their capital, which fits into the rules of the free market. If no one interferes with the free circulation of currency, then foreigners themselves will carry their money into our economy.
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