This will depend on various factors, the best known being who will make the wood and how much they will sell it for. At the moment, only a very small number of woodworkers have the know-how and equipment to produce a good product. This is why it is important to develop relationships with good woodworkers to ensure that your home is made to your own design and specifications.
MOSCOW (Reuters) – The head of Russia’s largest bank has called for a clampdown on foreign investors who use state-owned companies to avoid taxes, saying on Thursday they jeopardize the state coffers.
The Bank for International Settlements on Thursday issued a report, also called a research note, recommending that countries consider banning foreign ownership in many state companies, saying the practice makes the government more accountable.
It also said that the biggest challenges to Russian economic growth are largely the result of an abundance of foreign capital.
“The bank considers the current situation of foreign ownership of the key state-owned banks as problematic,” Bank for International Settlements vice-president Alexsandr Kuznetsov wrote.
“In particular, the Bank for International Settlements has emphasized on the importance of a complete ban of foreign ownership of state companies.”
On Wednesday, the Central Bank unveiled new rules requiring major Russian banks to set aside at least 10 trillion roubles ($148 billion) from savings and pension funds as reserves.
At the same time, banks such as Gazprombank and Sberbank had to make their savings and pension funds subject to capital controls, though they only imposed the restrictions on Monday.
MOSCOW: THE BIGBANK’S A-GONE BANK
Kuznetsov said that this should be extended to the rest of the large state-owned banks, stressing that “we consider the entire structure of state-owned banks to be in a state of serious impairment and have no alternative but to take measures”.
He cited Bank Rossiya, whose capital has halved over the last five years, as an example: “Despite the ban on capital transfers, it continues to receive money from abroad,” he wrote.
Kuznetsov said that such measures may also be taken against banks that received aid from foreign governments.
The deputy governor of Russia’s central bank said on Thursday that the ban on capital transfers will be extended to foreign banks that receive funding from the Russian government.
The bank’s report on Thursday said: ”
wood project business, how to set up a tiny woodworking shop, woodworking business for sale near me, 12×20 woodshop, woodworking business for sale