Putin: Capital Amnesty Can Be Extended by One Year for Certain Categories of Businessmen

MOSCOW – Russian President Vladimir Putin suggested extending for one year the capital amnesty for businessmen planning to re-domicile to special administrative areas in Russia.

“The capital amnesty can be extended by one more year at the least for citizens transferring their funds in Russia and register their business in special administrative areas with particular legal conditions for companies returning to the Russian jurisdiction,” Putin said.

Such special administrative areas have been established on the Oktyabrsky Island in the Kaliningrad Region and on the Russky Island in Vladivostok, the President said.

The capital amnesty is now effective until March 1, 2019, “with individuals released from liability for certain administrative offenses under economic, currency and fiscal laws,” he added.

Putin signs a decree abolishing some special economic measures against Turkey

On the other hand, President Vladimir Putin signed a decree abolishing some special economic measures against Turkey. The document has been published on the official online portal of legal information.

Under the decree, a larger number of Turkish citizens have been released from the restrictive measures imposed on their country in November 2015. The restrictions are no longer applied to the following groups of Turkish citizens traveling to Russia: drivers involved in international road haulage, holders of valid special passports, who go to Russia for short-term business trips, including workers of the Turkish diplomatic mission in Russia.

TASS

R.S