“Companies that want to register in foreign countries will no longer receive access to government funds, including loans from the state bank, and state agency contracts will be forfeited.  Russia’s economic growth is unlikely to exceed 1.5 percent in 2013, and with a slump in oil prices expected, collecting companies’ tax contributions is vital in funding the budget.  In May 2013, it became illegal for Russian government officials and their families to own foreign assets abroad. Real-estate and bank accounts were ordered to be sold, and assets were ordered back to Russia. Creating an internal domestic offshore tax zone had been under serious consideration, but was later shelved.”

http://rt.com/business/offshore-tax-budget-russia-119/

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