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ICC chairwoman Katyrin on economic growth, premature privatization and excess profits tax KXan 36 Daily News

Date: April 24, 2024 Time: 09:49:45

“It seems to many that the state is too present in business life. However, this is not the case. I am not sure that today is the time when state property can be sold in various sectors, for example, in banking, oil. However, privatization cannot, it is about the defense industry. “This is the area that the state must control. It would be a wrong step to privatize. So there are not so many areas to privatize. Today is not the best time to sell something, asset prices are not the highest,” Katyrin said.

The excess profits tax is quite stimulating for companies, he noted. “The tax is 5-10% and it is not such a large amount. It is quite acceptable. The main thing is that there should not be an increase in the tax, on what amount was agreed, and it should be maintained.” Katyrin said.

According to him, this year the Russian economy will grow. “We can grow to around one percent. It all depends on how we build new supply chains. By the end of the year, I think most companies will find their solutions in production and logistics chains. And we will be able to eliminate most of these issues”, – concluded the president of the ICC.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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