Finance Ministry reports foreign companies in Russia are applying to increase their charter capital
About a dozen Russian subsidiaries of foreign companies have submitted applications to a subcommittee of the government commission for oversight over foreign investments to be allowed to increase their charter capital. This was reported by Deputy Finance Minister Alexei Moiseyev in an interview with TASS.
The subcommittee has not received any applications from companies located in unfriendly countries to return to Russia, the deputy minister reiterated. "There were only applications from companies that did not leave to increase their charter capital – about a dozen of them," Moiseyev said.
In addition, the deputy minister said that foreign investors are showing interest in the Russian stock market, especially after the President signed a decree on 1 July providing guarantees for foreign investors wishing to invest in Russian company shares and bonds, federal loan bonds, and Russian mutual funds.
"The President signed a decree stating that if investments are made in securities traded on the stock exchange – meaning shares of public joint stock companies or bonds – the rules regarding friendly/unfriendly investors will not apply. After the decree was issued, potential investors started contacting us to set up investment funds for such investments. Usually it looks like this: a fund registered in a friendly country, but with money from both friendly and unfriendly investors," Moiseyev said.
The presidential decree allows foreign investors from all countries, including unfriendly ones, to buy and sell Russian securities, as well as to freely repatriate the income earned on such assets. The new procedure applies to new foreign money coming into Russia from abroad starting 1 July 2025. A new type of account has been introduced for such investments - the "In" type.
Investments can be made through the infrastructure of Russia-friendly countries, the decree states. Some financial companies from the CIS countries have access to the Russian market.