Russia Forces Western Companies to Donate to Federal Budget Upon Exiting Market

Foreign investors exiting Russia must donate at least 10% of the sale proceeds of their assets to the state, according to a new rule that applies to investors from "unfriendly countries" that imposed sanctions against Russia. Over 2,000 companies are seeking approval to exit the Russian market, but the authority handling the applications meets only three times monthly and considers up to seven applications each time, thus lengthening the exit process.