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News Wire / economy

Russian Ministry Develops Company Ban

Kommersant FM India 15d15d Impact 5
Prince Mukhamadali of the South Indian state of Carnatic left a debt of 900,000 pounds in the late 18th century, equivalent to 2 billion dollars today. He obtained loans at annual interest rates of 20-30% from the English East India Company. Following his death in 1801, the British took control of his lands. The Russian Ministry of Internal Affairs has developed a ban that will extend to companies.

Topics

debt colonialism finance

Developing

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Sources · 7 independent

Kommersant FM

“900 тысяч фунтов в ценных конца XVIII века или 2 миллиарда долларов в современных деньгах. Такой долг оставил в наследство князь Южно-индийского государства Карнатик Мухаматали. Кредиты по 20-30% годовых он получал от английской Остынской компании.”

Kommersant FM

“В 1801 году после смерти князя британцы забрали его в ладони,”

Radio Sputnik

“разработала Министерство внутренних дел. Как пишут СМИ, запрета будет распространяться на компании.”

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