Russia's Finance Ministry, Central Bank prepare draft presidential decree on guarantees for new foreign investors

MOSCOW. Dec 12 (Interfax) - Russia's Finance Ministry and the Central Bank of Russia have prepared a draft presidential decree to guarantee new foreign investors the opportunity to withdraw investments, Deputy Finance Minister Alexei Moiseyev said.

"We believe that it is not a fantasy that foreign investors could enter the Russian market. We know very well, as do those who have been working on the financial market for a long time, that greed conquers all despite everything else. Moreover, the high level of profitability that could be realized here would certainly lead to the fact that when the regulatory environment is such that people are confident that they will be able to withdraw their funds safely at the moment they want, then I am sure that we will have an influx of foreign investment," Moiseyev said at parliamentary hearings to discuss the draft of the Main Focus to Develop the Financial Market of the Russian Federation in 2025-2027.

Moiseyev is certain that investors from both friendly and unfriendly countries will enter the Russian market "under the guise of friendly ones through a chain of intermediaries."

"There is absolutely no doubt that this will happen. I am confident that we will see the first signs of the influx next year," he said.

"In order for these people to feel at ease, a draft presidential decree has now been drafted together with the Central Bank of Russia, in which we plan to provide this type of guarantee for new foreign investors regardless of their origin," Moiseyev said, expressing hope that the measure would assist in increasing the volume of the stock market.