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View: Return from offshore zones is an issue of legal economic life in Russia

January 13, 2014, 12:06 UTC+3 MOSCOW
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MOSCOW, January 13. /ITAR-TASS/. Return of businesses from offshore zones is an issue of legalizing the country’s economic life, which does not have a direct influence on the economic growth, Rector of the Russian Academy of Economics and State Service Vladimir Mau told Itar-Tass in response to a question, how those measures may affect dynamics of the country’s economy.

“Speaking about the return (of big businesses) to the national jurisdiction, I will call this task complicated and time-consuming.

It will not produce effects for the growth. It is a problem of legalizing the economic life, not a problem of the year-on-year growth. It is a quality issue, not quantity, and in this respect it is time-consuming,” he said adding the issues of returning Russian businesses to the national jurisdiction would be on the agenda of the Gaidar forum, due on January 15.

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