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RUSSIA'S ECONOMY

Putin orders to issue special bonds for capital return to Russia starting from 2018

The matter was examined by the Ministry of Economic Development, the Finance Ministry, and the Central Bank,

MOSCOW, December 21. /TASS/. Russian President Vladimir Putin ordered to ensure issue of special currency bonds for returns of capitals to Russia in 2018 at the meeting with the business community on Thursday.

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Russia and China discuss placing bonds of Chinese companies on Moscow Exchange

Representatives of the business community "asked to create convenient mechanisms for capitals return to the Russian jurisdiction and suggested using domestic bonds of international loans denominated in foreign currency as an instrument" at the previous meeting, the President noted.

"The government and the Central Bank worked out this issue and I gave an assignment to identify required terms and parameters for issue of such securities for Russian investors and support their floating already in the next year," Putin said.

This matter was examined by the Ministry of Economic Development, the Finance Ministry, and the Central Bank, he said. "Implementation of this proposal does not give rise to objections from anyone," the head of state said.

"We agreed to improve the legal regime of controlled financial companies addressing already available practice of functioning of this institute and your proposals," the president noted. "Appropriate amendments were prepared," Putin said.

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