Monday, October 30 2023 16:38

Russian government includes Armenia in `comfortable conditions` for  foreign businesses and entrepreneurs

Russian government includes Armenia in `comfortable conditions` for  foreign businesses and entrepreneurs

ArmInfo.During the operational meeting of the Deputy Prime Ministers in the Government of the Russian Federation, the issue of simplifying the procedure for opening accounts in Russian banks by foreign entrepreneurs was considered.

"Creating more comfortable conditions for foreign enterprises and  entrepreneurs is an important part of the Government's systemic  activities to achieve financial sovereignty as part of the  implementation of national goals set by the President," said Russian  Prime Minister Mikhail Mishustin at the meeting.  The signed order  defines a list of 25 countries citizens and legal entities of which  will be able to open accounts or deposits in Russian banks in a  simplified manner.

The list of countries includes: Azerbaijan, Algeria, Armenia,  Bahrain, Belarus, Brazil, Egypt, India, Indonesia, Kazakhstan, Qatar,  Kyrgyzstan, China, Kuwait, Malaysia, Mongolia, UAE, Oman, Pakistan,  Saudi Arabia, Tajikistan, Thailand, Turkmenistan , Turkey and  Uzbekistan.

To do this, foreign citizens will need to submit a package of  necessary documents from a credit institution in their country before  entering Russia. Upon arrival, they will already be able to make  payments in Russian banks.

"Of course, this will be much more convenient for those who will  visit us, for tourists, entrepreneurs.. We hope that the adopted  decisions will help improve interaction between the business  communities of partner states," Mishustin said.