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Putin says Russian companies must be registered in Russia

Source: Reuters - Thu, 20 Mar 2014 10:36 GMT
Author: Reuters
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MOSCOW, March 20 (Reuters) - President Vladimir Putin said on Thursday Russian companies must be registered in Russia and have a transparent ownership structure, emphasising his message that business should be brought back home.

"Russian companies should be registered on the territory of our nation, in our country and have a transparent ownership structure," Putin told heads of Russia's largest companies at a local business conference.

"I am convinced that you are also interested in this. That is why we have set the task of de-offshorisation in this part of the economy." (Reporting by Darya Korsunskaya, editing by Elizabeth Piper; Writing by Lidia Kelly)

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