Removing the demand to transfer money into a Russian bank is a positive move. This means that the actual funds can be kept anywhere.
More Quotes from Peter Westin:
For a private buyer, it is unfathomable to purchase a company under these conditions.Peter Westin
When considering wage increases, we cannot forget that people are still not recording a lot of the money they earn.
Peter Westin
Getting more money into the banking system would not only help to fight inflation but also help to boost investment because the banks would have more assets available for credits.
Peter Westin
When you ask most people, they'll say they don't believe these numbers. But the fact is, the average customer check at an IKEA furniture store in Moscow is about the same as the average check at an IKEA store in Sweden.
Peter Westin
One thing the Kremlin has addressed is the issue of state control. Not that it's gone away, but the government is producing a list of sectors where foreign ownership will be limited.
Peter Westin
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