Foreign companies looking to exit Russia will face higher taxes and contributions to the state treasury, according to Finance Minister Anton Siluanov. The “exit tax” for foreigners will increase from 50% to 60%, with one-time contributions rising from 15% to 25%, reaching 35% over the next two years.
Following Russia’s invasion of Ukraine, many Western companies have either left or reduced their presence in the country. Moscow introduced discounts and exit fees for foreign companies, gradually raising them to fund Russia’s war economy.
President Vladimir Putin may now personally approve deals over 50 billion rubles. The move is seen as an effort to control foreign assets sales amid the ongoing geopolitical tensions.
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