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Putin urges to maximally lift restrictions on business

December 04, 2014, 14:21 UTC+3

Business should be “freed from obsessive control,” the Russian president says

1 pages in this article
Moscow International Business Center

Moscow International Business Center

© ITAR-TASS/Artiom Geodakyan

MOSCOW, December 4. /TASS/. Russian President Vladimir Putin has urged to maximally lift restrictions on business and make all the checks public.

In a state of the-nation address, Putin mentioned “new approaches in the work of controlling and supervisory authorities.” The changes are slow and the work of these bodies closes the road to law-abiding businessmen, he said.

The president stressed that business should be “freed from obsessive control.” “Each check should become public,” he stressed.

He called for “abandoning the principle of total control” and follow only where there are “signs of violations.”

Offshore capital amnesty

Russian President Vladimir Putin proposed on Thursday an all-out amnesty for offshore capital, if money returned to the country.

“I propose carrying out full amnesty of capital returning to Russia, precisely an all-out amnesty,” Putin said in his state of the nation address.

“And, of course, we need to explain to people taking corresponding decisions what full amnesty means,” Putin said.

Tax system

Putin has also proposed that no changes be made to the existing tax system over the next four years.

“I suggest that the existing tax conditions should remain unchanged for the next four years, and we should not turn back to this issue again,” Putin said.

The Russian leader stressed that businessmen “are right to say about the need for a stable legislation and predictable rules, including taxes. “I totally agree with it,” Putin added.


According to Export of value-added products should increase by 1.5 times over three years, Russian President Vladimir Putin said.

“Over three years export of value-added products should increase by 1.5 times,” Putin said.






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