12 December 2012

RUSSIA : Putin Backs Asset Repatriation...Seeks $1 Trillion; Warns Foreigners To Stop Meddling In Domestic Politics.


     In his first state of the nation speech since returning as president...Vladimir Putin said he backed efforts to claw back some $1 trillion in assets held by companies and Russian officials overseas.
     He also wants limits on bureaucrats and politicians holding foreign bank accounts and stocks.
     Russia has suffered massive capital flight...perhaps $80 billion in 2012 alone.
     An amnesty would likely be offered...but returned funds would still be taxed.

    AND: During his 90 minute speech...Putin also warned foreign interests to stay out of domestic politics.