RUSSIA TO SEE CAPITAL AMNESTY

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MOSCOW, February 10 (RIA Novosti) - A capital amnesty will be held in Russia in the next few years, Deputy Economic Development Minister Arkady Dvorkovich reported.

"I am sure this measure will be adopted sooner or later, the question is when and how," he said, speaking at the "directors club" of the Russian Union of Industrialists and Entrepreneurs.

"It is important that businessmen understand it will be done only once. Otherwise it will be to no avail," he explained.

According to him, "the ministry is not only interested in the retrieval of the money which was lost as a result of tax evasion and the outflow of capital." It is important that they would work "on a legal basis" afterwards.

"The amnesty can serve as a stimulating instrument for the economy, but not as a panacea," Dvorkovich believes.

The deputy minister noted that the capital amnesty would hardly be held this year - most likely in a year or two. It should be done "very carefully," he emphasized.

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