Russian offshore is growing amid companies abandoning the dollar
Capital, exported from Russia at one time, is now returning to the country. In addition, Russia is becoming a state whose citizenship many foreigners would like to obtain.
First, the sanctions imposed by the West are forcing Russian businessmen to return capital to Russia. Secondly, in the Russian Federation itself, the conditions for them are becoming more attractive. According to Sberbank, the volume of corporate deposits is increasing: only from January of this year to August, it grew by 98 billion dollars. Thus, more financial assets returned to Russia than flowed abroad. A similar situation has been observed since 2014 for the third time.
An offshore zone was created on Russky Island. The first resident registered in it: Vostochny Joint-Stock Bank, which had previously been registered in Cyprus. Power Machines and En + are returning to this offshore zone.
Russian business is gradually abandoning the calculation in US dollars. So, the Alrosa company, which specializes in diamonds, sends its goods to Asia for rubles. Recently, she paid India in the currency of this country - in rupees. Refuse from the dollar and metallurgists. Norilsk Nickel transferred more than half of its deposits to the Russian ruble.
More and more people in the world want to obtain Russian citizenship. In the first six months of this year, about 150 thousand people became our compatriots. And last year, 200 thousand passports were issued to foreigners. Basically, they were received by Ukrainians and Kazakhs, as well as residents of other former Soviet Union republics.
One of the reasons why people aspire to Russia was the simplification of obtaining citizenship. This policy will continue: some industries are experiencing a shortage of highly qualified personnel. It is more profitable to pay to Russian citizens who spend money domestically than to migrants sending their salaries abroad.
First, the sanctions imposed by the West are forcing Russian businessmen to return capital to Russia. Secondly, in the Russian Federation itself, the conditions for them are becoming more attractive. According to Sberbank, the volume of corporate deposits is increasing: only from January of this year to August, it grew by 98 billion dollars. Thus, more financial assets returned to Russia than flowed abroad. A similar situation has been observed since 2014 for the third time.
An offshore zone was created on Russky Island. The first resident registered in it: Vostochny Joint-Stock Bank, which had previously been registered in Cyprus. Power Machines and En + are returning to this offshore zone.
Russian business is gradually abandoning the calculation in US dollars. So, the Alrosa company, which specializes in diamonds, sends its goods to Asia for rubles. Recently, she paid India in the currency of this country - in rupees. Refuse from the dollar and metallurgists. Norilsk Nickel transferred more than half of its deposits to the Russian ruble.
More and more people in the world want to obtain Russian citizenship. In the first six months of this year, about 150 thousand people became our compatriots. And last year, 200 thousand passports were issued to foreigners. Basically, they were received by Ukrainians and Kazakhs, as well as residents of other former Soviet Union republics.
One of the reasons why people aspire to Russia was the simplification of obtaining citizenship. This policy will continue: some industries are experiencing a shortage of highly qualified personnel. It is more profitable to pay to Russian citizens who spend money domestically than to migrants sending their salaries abroad.
Information