Russia will propose national plan for fighting against offshoring – Vladimir Putin
Russia is set to develop a national plan for fighting against offshoring, Russian President Vladimir Putin said at the News conference following the G8 Summit in Lough Erne. He noted that Russia has not yet taken all the measures adopted by many other nations in fighting offshoring. Russia is only now enacting a law on disclosing the final beneficiary. “This law was passed by the State Duma and is currently in the Federation Council. As soon as this draft law is passed by the Federation Council, I will certainly sign it. And then, just like the other G8 member states, we will propose a national plan for fighting against offshoring,” Putin said.
He noted that the offshoring of the national economy is very detrimental to Russia as the potential investors are often wary of getting involved in Russian economy with serious investments.
Putin says he is very pleased that the British presidency will take this matter into its hands and blaze the trail, leading the way for all the other discussion participants. Especially since we know that most of today’s offshore locations fall under Great Britain’s jurisdiction.
