Sochi may form off-shore zone


President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin responded to Prime Minister Dmitry Medvedev’s off-shore initiative by stating that Sochi may form own off-shore zone, RIA Novosti reports.

He said that there were three financial centers suitable for off-shore zones: Kaliningrad, Sochi and the Far East.

Shokhin proposed merging of the zone with the gambling exclusive economic zone.

Adapted from Vestnik Kavkaza

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