Media: Kremlin considers establishing special bonds to allow Russian oligarchs to bring their wealth back to Russia
A special refund mechanism for returning money back to Russia may be developed for businessmen who fear new sanctions. The plan envisages special bonds in currencies with high yield.
The idea was initiated on December 5th by a group of wealthy Russians who have assets abroad, Reuters reports. The newspaper cites anonymous sources in the state-owned companies and in the financial markets, one of whom describes the idea as absurd. The refunds would be issued in foreign currency bonds with interest rates that will be offered at a higher yield than bank rates while the bonds themselves will be more …read more