the introduction of a new law means russian individual investors are now able to choose where to invest their hard-earned roubles
The Russian appetite for foreign investments is set to rise following the introduction of a new law allowing Russian residents to invest in foreign securities. Dmitri Bogomazov, tax manager at PricewaterhouseCoopers, said: 'The new law should stimulate the growth of the financial services industry in Russia as individual investors will now have more options with what to do with their money.' The law will give Russian residents a $75,000 limit on the amount that a person can invest abroad in a single year. Previously, the majority of individual investors were unable to invest in for...
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