Page 55 - Russia OUTLOOK 2023
P. 55
After the invasion, Russia rapidly imposed restrictions on capital flows with
“unfriendly” countries (countries imposing sanctions on Russia). By
complicating efforts of investors and companies from such countries to pull
their capital out of Russia, these measures likely stemmed Russia’s
haemorrhaging of capital. Russia recently adopted legislation that prohibits the
sale of foreign company stakes in certain financial organisations and
energy-sector corporations. Even without such formal prohibitions, the exit
process of companies from Russia typically took time and was costly due to
such obstacles as regulatory compliance.
55 Russia OUTLOOK 2022 www.intellinews.com
