The following are some stories in Russia’s newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
– Foreign citizens who invested $10 million or more in the development of Russia’s Far East will be able to obtain Russian citizenship under a simplified procedure, the newspaper reports. However, after obtaining the citizenship its holder must remain the owner of these Russian assets for at least three years.
– An attempt to create an energy market in Russia can fail, the daily reports. New non-market tools like bonuses and compensations will comprise up to 70 percent of the cost of electricity for consumers by 2023.
– The new strategy of Citibank, a subsidiary of the U.S.-based Citigroup, has led to a 40 percent reduction in the number of retail customers. Experts believe that Citibank’s shrinking business in Russia may lead to its eventual exodus from the counrty.
– The newspaper writes that 28 percent of organizations in Russia plan to increase the number of employees by an average of 14 percent this year.
(Reporting by Margarita Popova; Editing by Dmitry Solovyov)
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