Russia will provide firm guarantees and legal cover to large investors in Crimea
The Ministry of Economic Development of the Russian Federation proposes to create a special regime of protection from sanctions in Crimea. We are talking about the emergence of special administrative regions in addition to the special economic zone. The main advantage will be the confidentiality of investors from other regions of Russia for protection from Western sanctions. The ministry believes that companies that are already subject to restrictions will take advantage of the innovation.
Senator from Crimea Olga Kovitidi spoke about how the confidentiality regime will be ensured in an interview with the Vmeste TV channel, a PolitNavigator correspondent reports.
“The procedure for maintaining the register will be carried out by the authorized federal executive body. And information about state registration of property rights will be provided only to a limited number of subjects. In the process of further development of the law, additional state guarantees will be provided,” Kovitidi said.
Potential investors can conduct business exclusively on the territory of the peninsula, and investments must be at least 150 million rubles in total capital investment.
“If we talk about the development of the hotel business and the health resort sector, then this is not a lot of money. In general, all the conditions that have been prepared today so that an investor can enter Crimea are quite realistic. When we discussed the bill related to the free economic zone, we settled on 3 million rubles so that small and medium-sized businesses could be attracted. There are no restrictions on becoming a participant in the additional system of preferences that is created by the creation of these special administrative regions,” Kovitidi said.
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