Investment Code to be Created in Russia

State Duma deputies, representatives of the Cabinet, regions and large business structures have outlined plans to protect private investment. Responsibility for increasing the volume of non-state capital in regional investment projects, according to State Duma Speaker Vyacheslav Volodin, should be assigned not only to the leadership of the constituent entities of the Federation, but also to line ministries and departments. They will have to ensure that money comes both to prosperous regions, and so far to the “lagging behind”.

The State Duma suggested that the Ministry of Finance set off those entities that will invest these funds in infrastructure, roads, water, gas, electricity. This will create additional jobs and provide accruals to the budget.

In the case of investing ten billion rubles, an additional formula for calculating the tariff can be guaranteed, export customs duties for a period of six to 20 years, investment programs of regulated organizations, quotas for various resources, payment rates for mandatory payments, for forest resources for up to three years.

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