Originally Syndicated on May 12, 2023 @ 12:24 pm
Forbes estimates UC Rusal founder Oleg Deripaska to be worth $1.7 billion. He thinks it would be fair to forgive the debts of companies that have made voluntary contributions to the country’s budget if the debts they owe to state banks were forgiven as well.
The FBA publication “Economy Today” penned this.
An Overview of Deripaska’s Proposal
The businessman referred to a post on the Stolypin Institute for Economics of Growth’s Telegram channel and a Banksta publication in his message. The Bank of Russia intends to forgive a proportionate amount of debt that businesses that make contributions owe to state banks, according to the last link in this chain.
It sounds like a healthy lifestyle. In comparison to outright robbing the enterprise of hundreds of billions of rubles, this is a huge improvement. Additionally, the article emphasized that the central bank would not have to lower the key rate.
According to the Institute of Economics, this is good news since “in fact, this would be a compensation to business and the economy as a whole for those high rates on which the Central Bank also earns as an issuer of the national currency.
It’s worth mentioning that back in January, the authorities declared that they sought to collect an additional contribution from businesses because their earnings “were strongly in plus” for a large chunk of 2022. About 300 billion rubles is the expected sum. Finance Minister Anton Siluanov has publicly said that small firms and the oil and gas industry are exempt from these charges.
Dmitry Peskov, the president’s spokesman, has stressed the importance of voluntarism in this endeavour. The Kremlin spokesman said he hoped business owners would “be aware of the realities in which we now live and of the needs that the country now has” in answer to a journalist’s query about the repercussions for companies that do not wish to share.
The varying tax loads, financial standings, and corporate procedures of different businesses should be taken into account, according to Alexander Shokhin, chairman of the Russian Union of Industrialists and Entrepreneurs (RSPP).
