Putin woos foreign investors

The Russian president pledges to refrain from capital controls while China’s Huawei and Fosun offer investment.

Putin woos foreign investors

Russian President Vladimir Putin courted foreign investors for his flagging economy on Thursday, promising less red tape, no tax hikes and no foreign currency restrictions.

His reassurance followed a report that the Russian central bank was mulling introducing capital controls to prop up the rouble which dropped to record lows on Tuesday.

The Russian economy will likely flat line this year as Western sanctions tighten over Russia’s involvement in the Ukraine conflict....

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