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“No threat to residents”

21 / 05 / 20

In early April, President Vladimir Putin signed the bill "On the protection and promotion of investment and the development of investment activity in the Russian Federation", previously adopted by the State Duma and approved by the Federation Council. This normative act is aimed at creating “predictable and favorable conditions” for doing business by providing a number of preferences to organizations implementing investment projects.
 




According to Alexei Korotkov, a member of the Federation Council from the region, the bill in its original form could deprive the residents of the Special Economic Zone of Kaliningrad Region of their preferences.

“According to Article No. 6, stability of conditions for investors in the Kaliningrad Region was to be ensured in accordance with the provisions of the new law. This meant that SEZ residents were guaranteed a non-deterioration of business conditions for only three years. But, according to the current Federal Law No. 16 "On the SEZ in the Kaliningrad Region," guarantees to businessmen are extended until the end of the law, that is, until the end of 2045, ”said the Senator of the upper house of the Russian parliament.

It was previously reported that in December 2019, State Duma deputy from the Kaliningrad Region Alexander Yaroshuk and Federation Council Senator Alexei Korotkov prepared amendments to the draft law “On the protection and promotion of investment and the development of investment activity in the Russian Federation”. The essence of the amendments was that the regime proposed by the law “On the protection of investment” should not impede the activities of residents of the SEZ in the Kaliningrad region. According to the amendments, the investor could choose the legal regime under which he would work in the Kaliningrad region. That is, in the regime of the Kaliningrad Special Economic Zone, the activities of a SEZ resident are regulated by relevant legislation.

“The proposal of the region for amendments was approved in December by 30 senators and really takes into account the situation of the existing economic zones of Russia. I will carefully monitor the law enforcement practice of the adopted federal laws to preserve the conditions of the Special Economic Zone in the Kaliningrad Region, ”commented Alexei Korotkov.

In development of the situation in January 2020, the regional government turned to the Minister of Economic Development of the Russian Federation Maxim Reshetnikov in order to influence the situation and prevent the deterioration of the economic conditions for residents of the SEZ in the Kaliningrad region. Then, in February, Russian Prime Minister Mikhail Mishustin announced the completion of the bill “On the protection and promotion of investment and the development of investment activities”.

 

  • On Tuesday, April 21, during a video conference call with the head of the Kaliningrad region, Anton Alikhanov, Russian President Vladimir Putin announced the extension of the regime when the Kaliningrad business is compensated for 100% of customs payments. “In 2020 and 2021, to compensate the Kaliningrad region for the costs associated with customs procedures in full, as it was in previous years,” the president ordered.

 

  • “I have prepared an amendment excluding the reference to the Kaliningrad region in the law. I spent work in the upper house: more than 30 members of the Federation Council signed the amendments to the bill amending the law and protecting incentives and investments, that is, senators share the position of the Kaliningrad region. I hope that the State Duma will accept our amendment when considering the bill in the second reading, ”said Senator Alexei Korotkov in an interview with the regional press.


Based on materials https://rugrad.eu/news/1172493/

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21 / 05 / 20“No threat to residents”

In early April, President Vladimir Putin signed the bill "On the protection and promotion of investment and the development of investment activity in the Russian Federation", previously adopted by the State Duma and approved by the Federation Council. This normative act is aimed at creating “predictable and favorable conditions” for doing business by providing a number of preferences to organizations implementing investment projects.