: :inin Kyiv (EET)

The Kremlin’s Game of Threats


Last week (March 19), speaking at an annual conference of the Union of Russian Industrialists and Entrepreneurs (RSPP)—Russia’s main business lobbying group—President Vladimir Putin promoted a previously announced financial amnesty. Putin implied that Russia’s super-rich must repatriate their capital back from abroad and out of offshore havens to legalize them in Russia with impunity. A mass repatriation of capital could help overcome the present Russian economic and financial doldrums, caused by a steep decline in the price of oil and other export commodities, the Ukrainian conflict, and Western punitive sanctions. To force the repatriation of secret multi-billion-dollar deposits stashed away …read more

Source: The Jamestown Foundation

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