Russia to simplify inward investment for 'friendly' countries, including Armenia
Prime Minister Mikhail Mishustin said on Monday that Russia would create a simplified procedure for citizens and companies from "friendly" countries to invest there, Reuters reported.
Mishustin said entities from a list of 25 countries would be allowed to open bank accounts in Russia and make deposits via a simplified procedure.
"Creating more convenient conditions for foreign enterprises and entrepreneurs is an important part of the government’s systemic efforts to achieve financial sovereignty as part of the implementation of the national goals set by our president," Mishustin said in a statement.
The procedure will apply to 25 "friendly" countries, including Armenia, China, India, Brazil, Saudi Arabia, Turkey, Kazakhstan and Belarus.
Moscow defines "unfriendly" countries as those that have joined a barrage of Western-led economic sanctions in response to Russia's war in Ukraine.