The mechanism of ‘special investment contracts’ was enforced in 2015
The building of the government of the Russian Federation
MOSCOW, June 25. /TASS/. Russia’s government has finalized the main parameters of a new version of ‘special investment contracts’ at a meeting attended by First Deputy Prime Minister and Finance Minister Anton Siluanov, Deputy Prime Minister Dmitry Kozak and Presidential Aide Andrei Belousov on Monday, June 25, a source participating in the meeting told TASS.
The new format stipulates that producers of prime goods for the Russian market will be able to enter into ‘special investment contracts’.
“The government had a meeting on June 25, where a position was staked out on key parameters of ‘special investment contracts’. The position that dominated was promoted earlier by Deputy Prime Minister Dmitry Kozak, and envisions ‘special investment contracts’ allowed only on public tender results regarding projects producing unique goods in Russia, as well as constructing and upgrading manufacturers of high-tech products,” the source said.
A representative of Deputy PM Kozak confirmed that the meeting had been held.
However, in a move to ‘restart’ Russia’s investment cycle, the government has decided to expand the number of sectors covered by the mechanism. Vedomosti business daily wrote that the Finance Ministry and the Economic Development Ministry have agreed an option envisioning state subsidies provided for investors using the ‘special investment contracts’ instrument, totaling up to 50% of their capital expenditures. Both ministries share the view that preferences should be extended to producers of goods unique in Russia, and those making products going for export and yielding at least 15% of retu
Source : TASS