Belousov spoke about the fear of business to withdraw money from Russia

Andrey Belousov

Now withdrawing money from Russia is the riskiest way to invest, business agrees with this. This was stated by First Deputy Prime Minister Andrei Belousov on the air of the Russia 24 TV channel.

“I meet quite a lot with big business, now there is a complete understanding that there is nowhere to withdraw money and it is very dangerous. The most risky type of investment that exists now, ”added Belousov.

Siluanov announced the study of the exchange of frozen assets of Russia Economics

According to Belousov, at a recent meeting with the bureau of the Russian Union of Industrialists and Entrepreneurs (RSPP), business representatives asked for reliable ways to invest in Russia. “Here the situation has changed, this was not even six months ago, when the sanctions began, such a clear, accentuated request, and we have something to work on with the Bank of Russia,” he said.

Belousov also spoke out against additional restrictions on trade and investment. According to him, sanctions have already been introduced by Western countries, additional restrictions will be counterproductive.

“Business must have some backlash, especially since when logistics chains and technological production chains are being reconfigured now, this all requires a certain maneuver and resources. There is a danger of pinching,” he said.

Tough sanctions against Russia were introduced after President Vladimir Putin announced the start of a special military operation in Ukraine. They affected not only individuals and companies from Russia, but also entire sectors of the economy and the country's financial system. In particular, $300 billion of reserves of the Bank of Russia were frozen. In addition, the West imposed a price ceiling on Russian energy resources, it was decided to buy oil for $60 per barrel, and gas for $2,000 per 1,000 cubic meters. m.

Read on RBC Pro What five myths are beneficial for investigators in criminal trials Checklist for success: analyze your achievements over the year How businesses can reduce currency risks in 2023 Antidepress Santa:The demand for psychological services has grown strongly over the year

At the end of July, the Central Bank said that there were blocked assets on the accounts of more than 5 million Russians. Only foreign shares owned by individuals are blocked by more than 320 billion rubles, said Philip Gabunia, deputy chairman of the Bank of Russia.