The Duma, concerned over Russia's plummeting international image and the possible knock on impact on investment in the banking sector have, far-sightedly some would claim, prepared legislation allowing aliens to invest in banks.
As with many Russian laws it is slightly lacking in detail and does not differentiate between Martians and other aliens. Nor does it state whether aliens can only come from planets and former planets.
Anyway its nice to know that our duma deputies are hard at work (when they aren't crashing their ferraris.)
Portfolio Investors to Press Strategic Investors:
Russia’s State Duma passed in the first reading Friday the bill whereby it will be easier for aliens to get stakes in Russia’s banks. Market players say the money inflow from foreign portfolio investors will step up capitalization of Russia’s banks and, therefore, lower the threat of the loss of control over the bank system.
[composed and posted with ecto]
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