Page 50 - RusRPTJan23

4.3.2 Corporate profits dynamics
Russia demands a 10% kickback and 50% discount from Western companies upon exiting its market.
The Ministry of Finance of Russia has established four criteria for selling Russian assets by Western companies from so-called unfriendly countries. One of them is a percentage of the deal amount, sources in international companies told Russian media.
In the case of decisions regarding asset sales agreements, a special subcommittee of the Russian Ministry of Finance uses four criteria: the presence of an independent assessment of assets, the presence of payment installments for a buyer for 1-2 years, or the payment of a "voluntary contribution" to the federal budget of Russia in the amount of at least 10% from the deal amount, selling the asset at a discount of at least 50%, establishing key performance indicators for new shareholders. The Ministry of Finance of the Russian Federation confirmed the application of these criteria.
50 RUSSIA Country Report January 2023 www.intellinews.com