Russia will hide the money of offshore oligarchs from the USA

Фото: Depositphotos

The Treasury Department will hide American businessmen from American and European regulators, who will return to Russian jurisdiction from offshore and western countries. Such guarantees to oligarchs, businessmen and investors were given by Finance Minister Anton Siluanov, reports Lenta.ru report.

We are talking about issuing Eurobonds, with the help of which the oligarchs will be able to return money to Russia and make money on it without fear of falling under US sanctions. “Many people want to return their money from Western jurisdictions to Russia, including in such tools as our Eurobonds. Of course, we would like them to be invested as direct investments, but not everyone is ready for this yet, ”Siluanov explained to RIA Novosti.

The minister says that the purchase of bonds will protect Russian counterparties, since they will be looped back, with the result that European and American regulators will not be able to track them. It is this tool that the authorities intend to offer to citizens who will fall under the new American sanctions.

Siluanov acknowledged that a number of businessmen independently proposed to create a mechanism for returning capital to Russia, and the issuance of special bonds was in no way connected with the recent decision to hold a new capital amnesty. The risk of new sanctions will not affect the plans for the issuance of Eurobonds - they don’t plan to place papers in a hurry.

Earlier in December, Russian President Vladimir Putin instructed to determine the parameters of federal loan bonds (OFZ) in foreign currency, which should become an instrument for the return of oligarchs' money to Russia. For the first time about the launch of such a mechanism in early December told the agency ReutersHowever, the Ministry of Finance for a long time denied the elaboration of such a tool.

In October, the US Department of State published a list of 33 Russian companies, cooperation with which could threaten contractors with sanctions. New restrictions may be introduced in February 2018. Potential sanctions apply to all counterparties, regardless of the country of origin of the company or an individual.

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