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⍰ ASK What are the implications of currency control regulations for offshore companies in Russia?

Russian rules on money can really affect foreign companies there. The Central Bank of Russia makes these rules to control and watch foreign money deals for economic stability. Offshore companies may struggle to send profits back because of limits on foreign money transfers.

They also need to give detailed papers for foreign money transactions or they might face penalties. Russia wants to stop illegal money actions so offshore companies might face more checks.
 

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